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Conagra Brands Inc (CAG.N)

CAG.N on New York Stock Exchange

37.02USD
19 Sep 2018
Change (% chg)

$-0.73 (-1.93%)
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Latest Key Developments (Source: Significant Developments)

Conagra Brands And Pinnacle Foods Announce Receipt Of No-Action Letter From Canadian Competition Bureau
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS AND PINNACLE FOODS ANNOUNCE RECEIPT OF NO-ACTION LETTER FROM CANADIAN COMPETITION BUREAU.CONAGRA BRANDS INC - TRANSACTION IS EXPECTED TO CLOSE BY END OF CALENDAR YEAR 2018.CONAGRA BRANDS - "NO-ACTION LETTER" CONFIRMS COMMISSIONER OF COMPETITION DOES NOT INTEND TO CHALLENGE CO'S ACQUISITION OF PINNACLE FOODS.  Full Article

Conagra And Pinnacle Foods Announce Expiration Of Hart-Scott-Rodino Act Waiting Period
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS AND PINNACLE FOODS ANNOUNCE EXPIRATION OF HART-SCOTT-RODINO ACT WAITING PERIOD.CONAGRA BRANDS INC - TRANSACTION IS EXPECTED TO CLOSE BY END OF CALENDAR YEAR 2018.  Full Article

Conagra Brands Says Board Of Directors Approved A Quarterly Dividend Payment Of $0.2125 Per Share
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS INC - BOARD OF DIRECTORS APPROVED A QUARTERLY DIVIDEND PAYMENT OF $0.2125 PER SHARE.  Full Article

Conagra Brands Says On July 11, Entered Into Term Loan Agreement Providing For Term Loans To Co In An Aggregate Principal Amount Of Up To $1.3 Bln
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS - ON JULY 11, ENTERED INTO TERM LOAN AGREEMENT PROVIDING FOR TERM LOANS TO CO IN AN AGGREGATE PRINCIPAL AMOUNT OF UP TO $1.3 BILLION.CONAGRA BRANDS-TERM LOAN FACILITY IN TERM LOAN AGREEMENT IS UNSECURED, GIVES $650 MILLION TRANCHE OF 3-YEAR TERM LOANS, $650 MILLION TRANCHE OF 5-YEAR TERM LOANS.CONAGRA SAYS ON JULY 11, ALSO ENTERED AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT PROVIDING FOR REVOLVING CREDIT FACILITY OF $1.6 BILLION - SEC FILING.CONAGRA BRANDS - ANTICIPATES BORROWING IN FULL UNDER TERM LOAN AGREEMENT TO FUND PORTION OF CASH OF ITS PREVIOUSLY SAID ACQUISITION OF PINNACLE FOODS.CONAGRA BRANDS SAYS REVOLVING CREDIT FACILITY PROVIDED FOR UNDER REVOLVING CREDIT AGREEMENT MATURES ON JULY 11, 2023, AND IS UNSECURED.CONAGRA BRANDS-TERM OF REVOLVING CREDIT AGREEMENT MAY BE EXTENDED FOR ADDITIONAL 1-YEAR/2-YEAR PERIODS FROM THEN APPLICABLE MATURITY DATE ON ANNUAL BASIS.  Full Article

Pinnacle, Conagra To Divest Assets That Account For Up To $300 Mln Of Net Sales To Obtain Antitrust Approval
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Pinnacle Foods Inc ::PINNACLE FOODS-CONAGRA COMMITTED TO DIVEST ASSETS OF CO/CONAGRA THAT ACCOUNT FOR UP TO $300 MILLION OF NET SALES IF NECESSARY TO OBTAIN ANTITRUST APPROVAL.PINNACLE FOODS-CONAGRA COMMITTED TO DIVEST ASSETS OF CO/CONAGRA THAT ACCOUNT FOR UP TO $300 MILLION OF NET SALES IF NECESSARY TO OBTAIN ANTITRUST APPROVAL.  Full Article

Conagra Says Under Certain Circumstances Pinnacle To Pay Termination Fee Of About $264 Mln
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS INC - ENTERED INTO AGREEMENT AND PLAN OF MERGER WITH PINNACLE FOODS INC AND PATRIOT MERGER SUB INC.CONAGRA BRANDS INC - MERGER AGREEMENT PROVIDES FOR MERGER OF MERGER SUB WITH AND INTO PINNACLE, WITH PINNACLE CONTINUING AS SURVIVING CORPORATION.CONAGRA BRANDS INC - AS A RESULT OF THE MERGER, MERGER SUB WILL CEASE TO EXIST, AND PINNACLE WILL SURVIVE AS A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY.CONAGRA BRANDS INC - PINNACLE HAS AGREED NOT TO INITIATE, SOLICIT OR KNOWINGLY ENCOURAGE OR FACILITATE TAKEOVER PROPOSALS FROM THIRD PARTIES.CONAGRA SAYS IF PINNACLE TERMINATES DEAL UNDER CERTAIN CIRCUMSTANCES, PINNACLE TO PAY CO TERMINATION FEE OF ABOUT $264 MILLION - SEC FILING.CONAGRA BRANDS - PINNACLE AGREED NOT TO ENGAGE IN DISCUSSIONS OR NEGOTIATIONS WITH THIRD PARTIES REGARDING ALTERNATIVE ACQUISITION PROPOSALS.CONAGRA - PRIOR TO RECEIPT OF REQUISITE VOTE, PINNACLE MAY UNDER CERTAIN CIRCUMSTANCES PARTICIPATE IN NEGOTIATIONS WITH THIRD PARTIES FOR UNSOLICITED ALTERNATIVE PROPOSALS.  Full Article

Conagra Brands To Acquire Pinnacle Foods For $10.9 Bln In Cash And Stock
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS TO ACQUIRE PINNACLE FOODS FOR $10.9 BILLION IN CASH AND STOCK.CONAGRA BRANDS TO ACQUIRE PINNACLE FOODS FOR $10.9 BILLION IN CASH AND STOCK.DEAL WILL DELIVER $215 MILLION IN ANNUAL RUN-RATE COST SYNERGIES BY FISCAL 2022.PINNACLE FOODS SHAREHOLDERS WILL RECEIVE $43.11/SHARE IN CASH, 0.6494 SHARES OF CO'S STOCK FOR EACH SHARE OF PINNACLE FOODS HELD.ON A PERCENTAGE BASIS, EXPECTS TRANSACTION TO BE LOW SINGLE-DIGIT ACCRETIVE TO ADJUSTED EPS IN FISCAL YEAR ENDED MAY 2020.DEAL WILL BE HIGH SINGLE-DIGIT PERCENTAGE ADJUSTED EPS ACCRETION EXPECTED IN FISCAL YEAR ENDED MAY 2022.EXPECTS TO ACHIEVE APPROXIMATELY $215 MILLION IN ANNUAL RUN-RATE COST SYNERGIES BY END OF FISCAL YEAR 2022.INTENDS TO MAINTAIN ITS QUARTERLY DIVIDEND AT CURRENT ANNUAL RATE OF $0.85 PER SHARE DURING FISCAL 2019.DEAL FOR IMPLIED PRICE OF $68.00 PER PINNACLE FOODS SHARE.TRANSACTION IS EXPECTED TO BE FINANCED BY CONAGRA BRANDS EQUITY ISSUED TO PINNACLE FOODS SHAREHOLDERS.HAS SECURED $9.0 BILLION IN FULLY COMMITTED BRIDGE FINANCING FROM AFFILIATES OF GOLDMAN SACHS GROUP.EXPECTS MODEST DIVIDEND INCREASES IN FUTURE WHILE IT FOCUSES ON DELEVERAGING, SUBJECT TO APPROVAL OF ITS BOARD OF DIRECTORS.CONAGRA - PINNACLE FOODS WILL CONTINUE TO PAY ITS QUARTERLY DIVIDEND AT CURRENT ANNUAL RATE OF $1.30 PER SHARE UNTIL TRANSACTION IS COMPLETED..  Full Article

Conagra Has Approached Pinnacle About A Possible Deal - CNBC
Thursday, 21 Jun 2018 

June 21 (Reuters) - :CONAGRA HAS APPROACHED PINNACLE ABOUT A POSSIBLE DEAL - CNBC, CITING REPORT.  Full Article

Conagra Board Elected Richard Lenny Chairman Of Board
Thursday, 24 May 2018 

May 24 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS INC - ON MAY 18, BOARD ELECTED RICHARD H. LENNY TO SERVE AS CHAIRMAN OF BOARD FOR FISCAL YEAR 2019.CONAGRA BRANDS INC - LENNY WILL SUCCEED STEVEN F. GOLDSTONE AS BOARD CHAIRMAN.  Full Article

J. M. Smucker Announces Termination Of Deal To Buy ConAgra's Wesson Oil
Tuesday, 6 Mar 2018 

March 6 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY ANNOUNCES TERMINATION OF AGREEMENT TO ACQUIRE THE WESSON® OIL BRAND FROM CONAGRA BRANDS, INC..J M SMUCKER - MUTUALLY DETERMINED WITH CONAGRA IT IS "NOT IN BEST INTEREST" TO EXPEND MORE TIME & RESOURCES TO CHALLENGE FTC'S ADMINISTRATIVE COMPLAINT​.  Full Article

EXCLUSIVE-Campbell Soup steps up CEO search, COO a contender -sources

Sept 9 Campbell Soup Co's board is drawing up a list of CEO candidates, with Chief Operating Officer Luca Mignini emerging as the top internal contender, as the company seeks to fend off a proxy challenge from Daniel Loeb's hedge fund, Third Point LLC, people familiar with the matter said.