This Day On The Street
Continue to site
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

Acquisition Of Ralcorp Holdings, Inc. By ConAgra Foods, Inc. May Not Be In Ralcorp's Shareholders' Best Interests

SAN DIEGO and ST. LOUIS, Nov. 29, 2012 /PRNewswire/ -- Shareholder rights attorneys at Robbins Umeda LLP are investigating possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Ralcorp Holdings, Inc. (NYSE: RAH) in connection with their efforts to sell the company to ConAgra Foods, Inc. (NYSE: CAG).  

(Logo: http://photos.prnewswire.com/prnh/20111014/ROBBINSUMEDALOGO)

On November 27, 2012, Ralcorp and ConAgra announced they had entered into a definitive merger agreement under which ConAgra will acquire Ralcorp through an all cash tender offer with a total value of $6.8 billion, including the assumption of debt. Ralcorp shareholders will receive $90.00 per share.  The transaction is expected to close by March 31, 2013.

The Board of Directors' Actions May Prevent Ralcorp Shareholders from Receiving the Maximum Value for Their Stock

Robbins Umeda LLP's investigation focuses on whether the board of directors at Ralcorp is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.  On November 27, 2012, Ralcorp reported its fourth quarter and fiscal 2012 financial results reflecting an 8% increase in net sales for the quarter and 14% for the year. Moreover, adjusted earnings per share for fiscal for the fourth quarter was $0.97 compared to analyst estimates of $0.87. Given these financials, the firm is examining the board of directors' decision to sell Ralcorp now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.  

Ralcorp shareholders have the option to file a class action lawsuit against the company to secure the best possible price for shareholders and the disclosure of material information so shareholders can vote on the transaction in an informed manner.  Ralcorp shareholders interested in information about their rights and potential remedies can contact Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsumeda.com, or via the shareholder information form on the firm's website.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/ralcorp-holdings-inc/

Attorney Advertising.Past results do not guarantee a similar outcome.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs