“OMAHA, Neb. (AP) — ConAgra Foods is buying private-label food producer Ralcorp for about $4.95 billion, which will make it the biggest private-label packaged food business in North America.
ConAgra says the acquisition will strengthen its overall position in the North American packaged food business. ConAgra brands include Chef Boyardee, Egg Beaters, Peter Pan and Reddi-wip.
ConAgra Foods Inc. said Tuesday that it will pay Ralcorp Holdings Inc. stockholders $90 per share, a 28 percent premium….”
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