ConAgra Withdraws Bid After Ralcorp's Rejection

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ConAgra Withdraws Bid After Ralcorp's Rejection
September 20, 2011
Source
Wall Street Journal
ConAgra Foods Inc. withdrew its $5.2 billion bid to acquire Ralcorp Holdings Inc. after Ralcorp again rejected the rival food maker's offer Monday and said it won't negotiate the offer.

A spokeswoman for ConAgra said the company was "disappointed"in Ralcorp's response, and added that it will continue to pursue other "growth opportunities."
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  • Conagra Foods Inc.

    ConAgra Foods is a 'leading branded, value-added' food company, organized into three businesses—Consumer Foods, International Foods and Commercial Products.

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