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Stock Market & Financial Investment News

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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.
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May 20, 2015
12:01 EDTCAGConAgra announces resolution related to 2007 voluntary peanut butter recall
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May 12, 2015
16:32 EDTCAGConAgra acquires Blake’s All Natural Foods, terms not disclosed
ConAgra Foods announced that it has acquired Blake’s All Natural Foods, a rapidly-growing, family-owned company which makes natural and organic frozen meals, including pot pies, casseroles, pasta dishes and other entrees. Blake’s All Natural Foods has approximately 60 employees based in Concord, N.H. Licata will continue to lead the Blake’s business from its headquarters in Concord. Terms of this all-cash deal were not disclosed. This transaction has no impact to ConAgra Foods’ previously communicated debt reduction commitments for fiscal 2015.

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