Shares of ConAgra (CAG) move up 5.8% premarket after the company buys Ralcorp for a cool $6.8B...

|About: ConAgra Brands, Inc. (CAG)|By:, SA News Editor

Shares of ConAgra (CAG) move up 5.8% premarket after the company buys Ralcorp for a cool $6.8B inclusive of debt. The quick take on the deal from analysts is that by beefing up its portfolio of private labels and realizing quick cost synergies, the company should see some significant benefits. Although ConAgra expects to maintain its annual dividend, the company notes share buybacks will be significantly reduced in the near future.