ConAgra Foods - Investors Applaud The Acquisition Of Ralcorp, I Remain On The SidelineConAgra Foods - Investors Applaud The Acquisition Of Ralcorp, I Remain On The Sideline

Shares of ConAgra Foods (CAG) rose some 4.7% in Tuesday's trading session. The consumer and commercial foods company continued its string of acquisitions. Before the market open, ConAgra announced the acquisition of Ralcorp Holdings (RAH) for $90 per share.

ConAgra finally managed to acquire its much-desired assets. Last year, the firm offered $82 per share for Ralcorp which later got revised to a final offer of $94 per share. The firm declined to sell the business last year, but under pressure from activist shareholder Corvex Management a deal was reached.

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