real-time news and commentary for investors
Tuesday, Nov 27
2012, 8:48 AM
Heard on ConAgra's (CAG) conference call covering the Ralcorp Holdings (RAH) purchase: 1) The...
Heard on ConAgra's (CAG) conference call covering the Ralcorp Holdings (RAH) purchase: 1) The deal should close in March of 2013 pending regulatory approval. 2) The company expects $225M run rate cost savings by 4th year. 3) The deal sailed through with unanimous approval by both boards of directors. 4) The company notes the private label business is key to the synergies the deal will create by enhancing the platform in key products such as cereal and pasta. 5) Slides on the performance of private label vs. branded products highlight the faster pace of growth and potential of the market as it matures. (webcast)