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 EDTConAgra 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 100Â 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, 2016The completion of the... More