Barrett Johnston, LLC Announces Investigation Of Ralcorp Holdings, Inc.
NASHVILLE, Tenn., Nov. 27, 2012 /PRNewswire/ -- Barrett Johnston, LLC 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 sale of the Company to ConAgra Foods, Inc. ("ConAgra"). Under the terms of the agreement, which was approved by the boards of directors of both companies, Ralcorp shareholders will only receive $90.00 per share in cash in a deal valued at approximately $6.8 billion, including the assumption of debt.
Our investigation concerns whether the transaction may undervalue the Company and result in a substantial loss for many Ralcorp shareholders. ConAgra stated that the transaction will add to earnings in the first year and it expects to achieve about $225 million of cost synergies on an annual basis by the fourth full fiscal year after the deal closes. Additionally, in the joint press release announcing the merger, Kevin J. Hunt, Chief Executive Officer and President of Ralcorp stated: "We look forward to joining with ConAgra Foods to complete this exciting transaction and capitalize on our future growth opportunities." However, if the merger is approved, Ralcorp shareholders will no longer be able to participate in these future growth opportunities and earnings of the Company.
If you own shares of Ralcorp, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Timothy L. Miles, Esquire, of Barrett Johnston, LLC, 217 Second Avenue, North, Nashville, TN 37201 by telephone at (615) 244-2202 (Ex. 24), Toll Free at (866) 263-0668, or by email to firstname.lastname@example.org, or visit our website at http://www.barrettjohnston.com.
THIS IS AN ADVERTISEMENT.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV