NEW YORK, Sept. 21, 2011 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Ralcorp
Holdings, Inc. ("Ralcorp" or the "Company") (NYSE: RAH) for
possible breaches of fiduciary duty and other violations of state
law in connection with the rejection of an unsolicited merger
proposal from ConAgra Foods ("ConAgra") (NYSE: CAG). Under
the terms of the proposed transaction, Ralcorp shareholders would
have received $94.00 per share in
cash.
Click here to learn more about the investigation:
http://www.zlk.com/ralcorp-holdings-rah, or call: 877-363-5972.
The investigation concerns whether the Board of Ralcorp is
acting in Ralcorp shareholders' best interests by refusing to enter
into negotiations with ConAgra and rejecting the proposal.
The $94.00 per share offer
represents the third unsolicited takeover offer from ConAgra.
In a Company press release, Ralcorp Chairman of the Board
William P. Stiritz indicated that the proposal was rejected in
favor of the Board's previously approved decision to separate Post
Foods and Ralcorp into two publicly-traded entities. On
August 12, 2011, the day Ralcorp
rejected the ConAgra offer, Ralcorp stock closed at almost
$15.00 below ConAgra's proposed
purchase price.
If you own common stock in Ralcorp and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky