at Nasdaq.com (Tue, 9:00AM)
Ralcorp (RAH -1.6%) again rejects ConAgra's (CAG -2.3%) $5.2B merger bid, all but ensuring that the offer will expire at today's 5 p.m. deadline. Ralcorp's board met to again consider the $94/share offer - a higher price than the company has ever traded - but decided the bid would generate less value than current plans to spin off Post Foods.
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