ConAgra Foods makes $4.9 billion bid for Ralcorp
ConAgra Foods Inc. made a $4.9 billion bid for cereal maker Ralcorp Holdings Inc. in an effort to broaden its business making store-brand products.
ConAgra Foods Inc. said today it will sell its commodity trading and merchandising operations to an investment management firm for $2.1 billion so it can concentrate on its core food operations like grocery store brands Healthy Choice frozen dinners and Orville Redenbacher popcorn.