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ConAgra Snags Ralcorp for $4.95 Billion

10:07 AM ET Tue, 27 Nov 2012

ConAgra Foods has agreed to buy Ralcorp for $4.95 billion in cash. It's a deal that would create one of the largest packaged-food companies in the U.S. CNBC's Kayla Tausche reports the details of the deal.