Ralcorp (RAH +4.4%) rejects ConAgra's (CAG +1.7%) $4.9B buyout offer and adopts a poison pill...

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

Ralcorp (RAH +4.4%) rejects ConAgra's (CAG +1.7%) $4.9B buyout offer and adopts a poison pill defense to prevent outside control of the company. "We are confident that Ralcorp has a strategic plan and a proven management team that will continue to generate significant shareholder value in the future," Ralcorp Chairman William Stiritz says.