Ralcorp, the owner of Post cereals, has hired two proxy solicitors as it plays defense against unsolicited bids from rival ConAgra, according to a person familiar with the matter.
Consumer Staples are on the move and gaining ground on earnings and deal news, many hitting multi-year highs.
Investors dumping these kinds of companies might regret it, the "Mad Money" host said.
On Wednesday, the board of Ralcorp again spurned ConAgra’s unsolicited take-out offer, this time for $86/share. Will ConAgra go much higher?
Ralcorp Holdings has rejected a $4.9 billion, all-cash takeover bid Wednesday from consumer food company ConAgra Foods.
Have bulls pushed the S&P so high, it's reached levels that are not well supported by economic fundamentals?
Following a flurry of takeovers, Cramer explains why more deals are likely.
ConAgra's bid for Ralcorp valued the maker of cookies and pasta in the "low-$80s" per share, says a source with knowledge of the discussions. That would have made the premium just north of 25 percent, compared to where the shares were trading, the source noted.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.