ConAgra Foods said it will acquire Ralcorp Holdings Inc for about $5 billion to boost its presence in the private label food market. Ralcorp shareholders will get $90 per share in cash, representing a premium of 28.2 percent to the stock's Monday close.
ConAgra Foods, Inc. (ConAgra Foods) is a food company. Shares of CAG remained unchanged at $28.29. In the past year, the shares have traded as low as $23.64 and as high as $28.80. On average, 3631330 shares of CAG exchange hands on a given day and today's volume is recorded at 0.
Ralcorp Holdings, Inc. (Ralcorp) is engaged in manufacturing, distributing and marketing private-brand food products and other regional and value-brand food products in the grocery, mass merchandise, drugstore and foodservice channels. Shares of RAH remained unchanged at $70.23. In the past year, the shares have traded as low as $59.28 and as high as $89.86. On average, 280516 shares of RAH exchange hands on a given day and today's volume is recorded at 0.
Source
