ConAgra Reports Lower Profit on Acquisition Charges
ConAgra says its third-quarter profit fell shy of expectations on charges related to its acquisition of Ralcorp and lackluster growth in sales of its existing brands.
ConAgra says its third-quarter profit fell shy of expectations on charges related to its acquisition of Ralcorp and lackluster growth in sales of its existing brands.
American Italian Pasta shares surged more than 26% Monday morning after snack-products company Ralcorp Holdings agreed to buy it at $53 per share in cash -- a 27% premium to Friday's close. But Ralcorp also lowered its guidance.



