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ConAgra Announces Stock Offering

09 January 2013

US - US meat and food processor, ConAgra Foods, is to sell approximately $240.0 million of its common stock through an underwritten public offering.

ConAgra has also granted the underwriter a 30-day option to purchase up to an additional $35.0 million of its common stock.

ConAgra said it intends to use the net proceeds from the offering to fund, in part, the acquisition of Ralcorp Holdings Inc.

If the acquisition is not completed, ConAgra Foods said it intends to use the net proceeds from the offering for general corporate purposes.

BofA Merrill Lynch is acting as sole book-running manager for the common stock offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective. The offering may be made only by means of a preliminary prospectus supplement and the accompanying prospectus.

TheMeatSite News Desk



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