Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Ralcorp Holdings, Inc. (“Ralcorp”) (NYSE: RAH) to ConAgra Foods, Inc. for shareholders. Under the proposed deal valued at approximately $6.8 billion, Ralcorp shareholders will only receive $90.00 in cash for each share of Ralcorp stock owned. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you. The Ralcorp sale investigation centers on whether Ralcorp’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Ralcorp’s stock, and whether Ralcorp’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Patrick Powers, “Due to Ralcorp’s financial performance, the size of the deal and other factors, we believe that this transaction may undervalue Ralcorp stock. Our lawsuit will seek to obtain the highest share price for all shareholders.” The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Ralcorp Holdings Incorporated (NYSE:RAH) hit a new 52-week high Friday as it is currently trading at $89.88, above its previous 52-week high of $89.86 with 137,495 shares traded as of 9:35 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.