ConAgra Green Signals Another Deal

ConAgra Green Signals Another Deal

The Ralcorp’s take over by packaged food giant ConAgra Food definitely pissed of its share holders back 2013. The management is still going ahead with Smorgasbord. Jana Partners, an activist investor is going create storm in the board due to this.  The company has total market value of $17 billion now. Hedge fund tycoon Barry Rosenstein went public with 7.2 percent stake in the company.
 He also informed press about an introduction of three new directors on board. The share market has given positive signal on these developments. Ralcorp deal cost wonders to the ConAgra but company has still not disclosed the benefits of the deal. Investor Jana believes that it accounts to several losses to the corporation but didn’t tell the solution to fix that.
The Ralcorp manufactures white-label products. The private-label business valued around $1.3 billion in the month of March, according to the ConAgra officials. The ConAgra is now in the full control of that division. Gary M. Rodkin, Chief Executive Officer, ConAgra resigned in the April, one month ahead of the schedule.
Since that new CEO Sean M. Connolly has failed to inform about the new plans. Looks like the CEO favor mergers and acquisition games. Jimmy Dean Sausages and Ball Park frankfurters were bought by the firm and the resold for $7.7 billion to the Tyson Foods. The former Hillshire Brands employee managed to get enough press attention for the same.
The ConAgra’s shares have jumped since the decision. Frozen food, Commercial French Fries division and private-label good’s share can be as high as $43 a piece.

 

 

 

In The Highlights

THE MULTIPLE TASK PERFORMER-FOOD PROCESSOR

THE MULTIPLE TASK PERFORMER-FOOD PROCESSOR

The mundane task of repeating the process of preparing food is facilitated by a kitchen appliance called food processor. Food processors have interchangeable blades and have bowls which are shorter in size and also wider. It operates with very less or no liquid and saves a lot of time and energy.…

Kitchen gadgets that can help you to lose weight

Kitchen gadgets that can help you to lose weight

Sometimes when you want to lose the weight, no one is there to support you and we all know how important it is to have someone by our side. If you are in that position, do not despair, because even though you have no “human” support, there are some kitchen gadgets that can be awesome…

What's Hottest

Fruit sandwiches with Nutella

Fruit sandwiches with Nutella

During these hot, summer days our body aches for something light and refreshing, because it seems like every other option is little bit too much for this time of year. So that’s why we decided to give you a recipe for something really sweet and tasty and on the other hand very light. It is not…

American Healthy Snacks- Just go For it

American Healthy Snacks- Just go For it

Being dynamic amid the hot summer months can make it hard to stay solid and hydrated. Keeping up an adequate level of supplements, for example, water, sodium, vitamins, and minerals can mean getting the best out of the short hot summer months as opposed to turning out to be sick and missing all the…

SANDWICH RECIPES FOR A PICNIC

SANDWICH RECIPES FOR A PICNIC

A standard recipe for a picnic is sandwich. For most outdoor dishes, a delicious sandwich will be great not only it is portable, but it also gives a well-balanced dish of vegetables, meats, grains and dairy. It will fill your stomach quickly and tastes good. A few ideas are here to give you some new…

ConAgra Green Signals Another Deal

ConAgra Green Signals Another Deal

The Ralcorp’s take over by packaged food giant ConAgra Food definitely pissed of its share holders back 2013. The management is still going ahead with Smorgasbord. Jana Partners, an activist investor is going create storm in the board due to this. The company has total market value of $17…

Gluten Free Quinoa & Lentil Salas with Apple

Gluten Free Quinoa & Lentil Salas with Apple

Many people have switched over to a gluten free diet, simply because there are many benefits associated with this diet. While some have health problems being a major reason for switching over to the diet, the fact is, that anybody can eat gluten-free food. Ingredients: • 2 Apples sliced in…

Quick Chilli Garlic Prawns Recipe

Quick Chilli Garlic Prawns Recipe

If you love sea food, then you can’t say that prawns aren’t your favorite. Here’s a super quick recipe of chili garlic prawns that you can serve fresh within 10 minutes! Ingredients: • 2 tsp. Olive oil • 4 minced garlic • 1 kg. deveined prawns • 2 tbsp. Lemon…

EDITOR'S PICK