Ralcorp Holdings Inc (RAH.N) shares soared on Friday after CNBC said ConAgra Foods Inc (CAG.N) had made an unsolicited bid for the food maker and that talks were "no longer ongoing." ConAgra sent a letter to Ralcorp about two months ago, the cable television channel reported. ConAgra and Ralcorp could not be immediately reached for comment. Ralcorp shares, which had been halted on the New York Stock Exchange, were up 6.79 percent at $76.32 after soaring to $81.19. Shares of ConAgra rose 0.2 percent to $24.40.
Ralcorp Holdings, Inc. (Ralcorp) is engaged in manufacturing, distributing and marketing private-brand food products, Post brand ready-to-eat cereal products and other regional and value-brand food products in the grocery, mass merchandise, drugstore and foodservice channels. Shares of RAH traded higher by 7.11% or $5.08/share to $76.5. In the past year, the shares have traded as low as $53.90 and as high as $71.54. On average, 430240 shares of RAH exchange hands on a given day and today's volume is recorded at 1616051.
ConAgra Foods, Inc. (ConAgra Foods) is a food company. Shares of CAG traded higher by 0.08% or $0.02/share to $24.36. In the past year, the shares have traded as low as $21.02 and as high as $25.42. On average, 3622340 shares of CAG exchange hands on a given day and today's volume is recorded at 2523098.
Source
