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News Breaks | | | | December 5, 2012 | | 19:17 EDT |  | CAG, RAH | ConAgra seen as attractive buy following Ralcorp acquisition, Barron's says
ConAgra (CAG), which last week announced it was paying $5B for private-label food-company Ralcorp, is seen as an attractive opportunity for investors, according to a Barron's report. The report notes that food giants like ConAgra that are centered around their brand name offerings can struggle existing alongside private-label businesses, which are designed to offer a lower-priced alternatives to brand names, but that the Ralcorp acquisition has a chance to be "a game changer for the company." Shares of ConAgra gained 14c, or 0.47% on today's session to close at $29.69. Reference Link | |
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