This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ConAgra to Buy Ralcorp for $5B: Hot Trends

Stocks in this article: CAG RAH AAPL

NEW YORK ( TheStreet) -- Popular searches on the Internet include ConAgra (CAG - Get Report) after news the company will buy food producer Ralcorp (RAH) for $4.95 billion.

The newly combined company will be the biggest private-label packaged food business in North America. The deal is valued at $6.8 billion including debt, according to ConAgra. Ralcorp shareholders will receive $90 a share in cash, a 28.2% premium to Monday's close.

Ralcorp rejected several of ConAgra's offers last year, choosing instead to spin off its Post cereal business. Ralcorp's product line also includes pasta, snacks, sauces and frozen baked goods.

ConAgra, which has brands including Chef Boyardee and Egg Beaters, said the deal will add to earnings in the first year. The combined company will have sales of about $18 billion annually.






Apple (AAPL - Get Report) is trending as the company announced the new iMac will be available on Friday, Nov. 30.

The new computer will feature a 21.5-inch screen, faster processors and Fusion Drive, a new storage option. The computer will be available though the Apple Online Store, in Apple retail stores and select Apple Authorized Resellers. A 27-inch iMac will be available for order through the Apple Online Store and will start shipping in December.

The new iMac is 5mm thin -- 80% smaller than the previous line of iMacs. It's also eight pounds lighter than its predecessors.

The 21-inch iMac starts at $1,299, while the 27-inch version begins at $1,799.






Lehman Brothers is another popular search. Lehman Brothers Holdings is selling apartment-building owner Archstone Enterprise LP for $6.5 billion in cash and stock to Equity Residential (EQR) and AvalonBay Communities (AVB).






The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs