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Stock Market & Financial Investment News

News Breaks
May 29, 2014
14:18 EDTCAGConAgra, others complete formation of Ardent Mills JV
ConAgra disclosed in a filing that on May 29, ConAgra Foods and the other Owners completed the formation of the previously announced Ardent Mills joint venture. In connection with the closing of the Ardent Mills joint venture and the sale of three mills prior to the closing, ConAgra Foods received total cash consideration of approximately $570M which is subject to customary closing costs and working capital adjustments. ConAgra Foods also received a 44% interest in the Ardent Mills joint venture. As previously disclosed, ConAgra Foods plans to allocate the net cash proceeds primarily towards debt reduction. ConAgra Foods will comment on any other relevant financial details as part of the regularly scheduled fiscal fourth quarter earnings release, currently planned for June 26.
News For CAG From The Last 14 Days
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August 2, 2015
13:32 EDTCAGTreeHouse shares could gain 20% in next 12-18 months, Barron's says
Shares of private-label food company TreeHouse (THS) could rise more than 20% to $100 in the next 12-18 months, Barron's contends in a feature article, noting that millennials appear more open to purchasing private-label products. The publication adds that TreeHouse's potential acquisition of ConAgra's (CAG) Ralcorp unit could be one of several boons for the stock. Reference Link
July 30, 2015
08:15 EDTCAGConAgra says removes all BPA from cans across portfolio
ConAgra Foods announced that all of the company’s facilities in the U.S. and Canada have completed the transition to cans without Bisphenol A liners. While ConAgra Foods began canning some food in non-BPA lined cans in 2010, other foods required a different approach, due to their acidity or other characteristics. Extensive research and trials to find safe, long-lasting and economical packaging led the company to Ardagh Group, a global leader in glass and metal packaging solutions. Ardagh invested in capacity and capability to meet ConAgra Foods’ needs, and began providing the company non-BPA cans earlier this year. The cans are made in new, state-of-the-art production facilities using advanced technologies that allow for use of different coating systems using polyester or acrylic materials that do not contain BPA. As of July 30, all ConAgra Foods canned foods made in its U.S. and Canadian facilities will be packaged in cans with non-BPA liners. The company does import into the U.S. and Canada a small quantity of canned products with BPA liners and is working with the suppliers of these products to convert to non-BPA liners by early 2016.
July 29, 2015
06:35 EDTCAGTreeHouse, Post join bidding war for ConAgra's Ralcorp, Reuters reports
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