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ConAgra Foods (CAG) Announces Record, Distribution Dates on Lamb Weston Spin; Lifts Stock Buyback to $1.25B

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ConAgra Foods Announces Record Date and Distribution Date for Spin-off of Lamb Weston Business

October 11, 2016 7:30 AM EDT

ConAgra Foods Board of Directors Approves Conditional $1.25 Billion Share Repurchase Plan

CHICAGO--(BUSINESS WIRE)-- ConAgra Foods, Inc. (NYSE: CAG) today announced the record and distribution dates for the spin-off of its Lamb Weston business, which is expected to be effected through the distribution of 100 percent of the common shares of Lamb Weston to holders of ConAgra Foods common shares:

Record Date: 5:00 p.m. New York City time, on Nov. 1, 2016 Distribution Date: 11:59 p.m., New York City time, on Nov. 9, 2016

The completion of the... More