Ralcorp (RAH) Peers on Watch Following $90/Share Takeover (GIS) (K) (UL)

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ConAgra (CAG) to Acquire Ralcorp (RAH) for $90/Share

November 27, 2012 7:01 AM EST

ConAgra Foods, Inc. (NYSE: CAG) and Ralcorp Holdings, Inc. (NYSE: RAH) today announced that the boards of directors of both companies have unanimously approved a definitive agreement under which ConAgra Foods will acquire Ralcorp, the largest manufacturer of private label food in the U.S. Under the terms of the agreement, Ralcorp shareholders will receive $90.00 per share in cash for each outstanding share of common stock held, representing a 28.2% premium to the closing price of Ralcorps common stock on November 26, 2012, and a 24.9% premium to the average closing price of... More