Barclays thinks Ralcorp (RAH) turned down ConAgra's (CAG) overtures because it views its Post...

|About: ConAgra Brands, Inc. (CAG)|By:, SA News Editor
Barclays thinks Ralcorp (RAH) turned down ConAgra's (CAG) overtures because it views its Post cereal business, which it plans to spin off, as undervalued by the market due to recent troubles. Barclays, which believes Ralcorp should trade higher based on a sum-of-the-parts analysis, expects the company to soon file for a Post spinoff.