1. Jana Partners takes 7.2 percent stake in ConAgra Foods

    Jana Partners takes 7.2 percent stake in ConAgra Foods

    NEW YORK (AP) -- Activist investor firm Jana Partners said Thursday it took a 7.2 percent stake in packaged-foods maker ConAgra and said it may start a proxy battle by nominating three candidates to the company's board of directors. ConAgra's stock rose $2.48, or 6.3 percent, to $41.60 in aftermarket trading. Jana Partners said ConAgra's results have been disappointing since it bought Ralcorp, the owner of Post cereals, in January 2013...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Topics Mentioned