When your biggest acquisition fails to create value and your stock is cheap, brace for an activist.
Ralcorp Holdings Inc ., the maker of Raisin Bran and Grape-Nuts cereal, spurned a $4.9 billion offer from ConAgra Foods Inc. and adopted a shareholder rights plan to bar its suitor from gaining control of its shares.
The U.S. government’s decision to deem artificial trans fats unsafe for human consumption may have little impact on foodmakers and restaurant chains because they’ve been phasing them out for years.
Kraft Foods Group Inc. and other packaged-food giants are facing a prospect they’ve dreaded for years: a state law requiring them to label products containing genetically modified organisms.
Apollo Global Management LLC is seeking an investment in Ralcorp Holdings Inc. and plans to meet with the cereal maker’s management to discuss options, said one person familiar with the discussions.
Traders have never been more confident they can secure a higher offer from ConAgra Foods Inc. in its attempt to take over Ralcorp Holdings Inc., the biggest U.S. maker of store-brand foods.
Ralcorp Holdings Inc. , the maker of Honey Bunches of Oats cereal, rejected an unsolicited takeover offer in March after deciding the bid wasn’t in the best interest of shareholders.
Snyder’s-Lance Inc., the maker of Cape Cod potato chips, is in talks to sell Vista, its private- label cookies and crackers business, three people with knowledge of the matter said.
Ralcorp Holdings Inc. and Temple- Inland Inc. are losing more money than ever for traders betting on higher takeover offers.
"We support consistent and consumer-centric labeling of food based on facts, not politically motivated, costly and misguided schemes that may lead toward a 50-state patchwork of confusing GMO labeling policies."
- Teresa Paulsen on May 06, 2014