Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

ConAgra Withdraws $5.2 Billion Ralcorp Bid, See the Funds Affected

ConAgra Foods unsurprisingly withdrew its $5.2 billion bid for Ralcorp Holdings at 5 p.m. on Monday after Ralcorp’s Board of Directors again rejected its takeover bid.

ConAgra Foods, Inc. (NYSE:CAG)

Since March, ConAgra – the maker of Chef Boyardee – has made several unsuccessful bids for Ralcorp, which owns Post cereal and other private-label foods, but Ralcorp has rejected all offers. Last week, ConAgra set a deadline for Monday to begin discussions or it would walk away from the table.

See the hedge funds holding ConAgra Foods Here

Ralcorp turned down the latest $94-per-share offer last month, which is higher than it has ever traded, and again on Monday.

This past July, Ralcorp indicated that it planned to spin off its Post cereal business in order to focus on its private-label foods business.

See the hedge funds holding Ralcorp Holdings Here

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.