ConAgra to acquire Ralcorp for $5 bln
Nov 27 (Reuters) - ConAgra Foods said it will acquire Ralcorp Holdings Inc for about $5 billion to boost its presence in the private label food market.
Ralcorp shareholders will get $90 per share in cash, representing a premium of 28.2 percent to the stock's Monday close.
Ralcorp last year rejected several ConAgra offers, including a final $94 per share bid, and chose instead to spin off its Post cereal business.
Nov 27- ConAgra Foods said it will acquire Ralcorp Holdings Inc for about $5 billion to boost its presence in the private label food market. Ralcorp shareholders will get $90 per share in cash, representing a premium of 28.2 percent to the stock's Monday close.