A judge has given a tentative green light to a $15m settlement between Post Foods and consumers who accused the CPG giant of misleading shoppers by falsely advertising sugary cereals as healthy. The news follows another high-profile settlement reached...
Cereal maker Post Holdings has made its biggest acquisition since it was spun off from Ralcorp in 2012, splashing out $2.45bn for egg, potato, and dairy products maker Michael Foods from affiliates of private-equity groups GS Capital Partners, Thomas...
Ralcorp has announced a $370m (€274m) loss in its fourth quarter earnings due to substantial non-cash impairment charges, details of which it has not yet disclosed.
ConAgra Foods has called on Ralcorp to look again at its $94-a-share takeover offer after talking to shareholders at the private label giant who believe their board acted too hastily in rejecting ConAgra's advances.
It may well be that Ralcorp was right to spurn ConAgra’s latest $94/share takeover offer. But its failure to explain why is troubling, according to corporate governance expert ISS Governance.
Ralcorp has rebuffed the advances of suitor ConAgra Foods for the third time and insisted that its plan to spin off its Post cereals business offers shareholders greater value.
Ralcorp subsidiary Post Foods has announced a new marketing campaign for its Shredded Wheat cereal, pitting it against ingredient innovations in the food industry and hailing its ‘lack of innovation’.
