Post Holdings Recently Held Talks to Combine with ConAgra’s Lamb Weston
23 iunie 2016
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Cereal maker Post Holdings Inc held talks to merge with ConAgra Foods Inc's Lamb Weston frozen potato products unit.
The talks have stalled but could be revived, a source declared for Wall Street Journal on Tuesday.
A potential deal between ConAgra and Post Holdings could value Lamb Weston at around USD6bn, said another source with knowledge of the matter.
ConAgra, the maker of Chef Boyardee pasta and Slim Jim beef jerky, said in November last year that it would spin off its Lamb Weston business into a separate, publicly listed company.
ConAgra spokesman Mike Cummins said the company did not comment on rumors or speculation.
ConAgra Foods announced that it is reporting its fiscal 2016 fourth-quarter results on Thursday, June 30.
