ConAgra Foods Issues Statement Regarding Ralcorp Holdings, Inc
July 14 2011 - 7:17PM
Business Wire
ConAgra Foods, Inc. (NYSE: CAG) issued the following
statement:
"We have seen the announcement from Ralcorp and we believe our
proposed acquisition of all of Ralcorp continues to be in the best
interests of their shareholders."
About ConAgra Foods
ConAgra Foods, Inc., (NYSE: CAG) is one of North America's
leading food companies, with brands in 97 percent of America's
households. Consumers find Banquet, Chef Boyardee, Egg Beaters,
Healthy Choice, Hebrew National, Hunt's, Marie Callender's, Orville
Redenbacher's, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and
many other ConAgra Foods brands in grocery, convenience, mass
merchandise and club stores. ConAgra Foods also has a strong
business-to-business presence, supplying frozen potato and sweet
potato products as well as other vegetable, spice and grain
products to a variety of well-known restaurants, foodservice
operators and commercial customers. For more information, please
visit us at http://www.conagrafoods.com.
This release does not constitute an offer to sell or the
solicitation of an offer to buy any securities. No tender offer for
the shares of Ralcorp Holdings has been made at this time. In
connection with any tender offer, if made, ConAgra Foods will file
relevant materials, which may include a tender offer statement
and/or other documents, with the SEC. ALL INVESTORS AND SECURITY
HOLDERS OF RALCORP HOLDINGS ARE URGED TO READ ANY SUCH DOCUMENTS
FILED WITH THE SEC BY CONAGRA FOODS CAREFULLY AND IN THEIR
ENTIRETY, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY
SUCH POTENTIAL TRANSACTION. Investors and security holders will be
able to obtain free copies of any documents filed with the SEC by
ConAgra Foods through the website maintained by the SEC at
http://www.sec.gov. Copies of any such documents will also be
available free of charge on ConAgra Foods’ internet website at
www.conagrafoods.com or by contacting ConAgra Foods’ Investor
Relations department at (402) 240-4157.
This release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on ConAgra Foods’
current expectations and they include, among others, statements
regarding expected synergies and benefits of a potential
combination of ConAgra Foods and Ralcorp Holdings. There is no
assurance that a potential transaction will be consummated, and
there are a number of risks and uncertainties that could cause
actual results to differ materially from the forward-looking
statements made herein. These risks and uncertainties include the
timing to consummate a potential transaction between ConAgra Foods
and Ralcorp Holdings, the ability and timing to obtain required
regulatory approvals, ConAgra Foods’ ability to realize the
synergies contemplated by a potential transaction, ConAgra Foods’
ability to promptly and effectively integrate the businesses of
Ralcorp Holdings and ConAgra Foods and those risks and
uncertainties discussed in ConAgra Foods’ filings with the SEC,
including its most recent annual report on Form 10-K and subsequent
reports on Forms 10-Q and 8-K. Investors and security holders are
cautioned not to place undue reliance on these forward-looking
statements, which apply only as of the date of this release.
ConAgra Foods does not undertake any obligation to update its
forward-looking statements to reflect events or circumstances after
the date of this release.
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