KQEH Nightly Business Report November 28, 2012
Ralcorp. Conagra is paying 5 billion to buy private label food giant ralcorp. That works out to 90 a share, a nearly 30 premium to ralcorps Closing Stock price on monday. The deal will make conagra the largest manufacturer of private label foods. Suzanne pratt takes a look at whats become a booming business. Reporter it used to be consumers would buy private label products to clean their bathrooms or wash their clothes. Lately, however, theyre eating them, too. From sodas to peanut butter, private label brands are shaking off the yuck stigma and attracting valueconscious customers. And its the...