Ralcorp (RAH) directors should explain their rejection of ConAgra's (CAG) $5.2B takeover bid or...


Ralcorp (RAH) directors should explain their rejection of ConAgra's (CAG) $5.2B takeover bid or risk a "perception of entrenchment," shareholder advisory ISS scolds. Also, Ralcorp didn’t mention advice from bankers and lawyers in its latest rejection, raising the issue of whether their advice conflicted with the board’s decision.
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