Share “News Summary: ConAgra in $5B deal for Ralcorp”

News Summary: ConAgra in $5B deal for Ralcorp

Associated Press Published: November 27, 2012

THE DEAL: ConAgra Foods Inc. is paying $5 billion to acquire Ralcorp Holdings Inc., a deal that makes ConAgra the nation's biggest maker of store brand foods.

THE WHY: ConAgra CEO Gary Rodkin notes that private label foods have been growing at twice the rate of name brand foods over the past 13 years, and now represent 18 percent of the overall packaged food market.

THE HISTORY: It's the latest bid for Ralcorp by ConAgra, which makes Banquet, Chef Boyardee and Marie Callender's. ConAgra made multiple bids for Ralcorp last year as well.


  1. 1
    PHOTOS: Charlotte-area couple's proposal goes awry
  2. 2
    Suspected car thief ends high-speed car chase with a quick dance party [VIDEO]
  3. 3
    Two sisters to be raped after their brother ran off with a married woman
  4. 4
    2 Dead, 5 Injured in Hazmat Situation in Suburban Home
  5. 5
    Radioactive Waste Found in St. Louis Suburbs
+ show more


× Trending business Article