ConAgra Foods (CAG $23.34 -0.72) reiterated its $94 per share, all-cash
proposal to acquire Ralcorp Holdings (RAH $77.17 -7.97) .
The company previously rejected this proposal, without dialogue with ConAgra
Foods, on August 12, 2011. ConAgra Foods continues to believe its proposal of
$94 per share in cash provides present value in excess of what Ralcorp can
achieve on its own, including through its announced spin-off plans.
If ConAgra Foods and Ralcorp are not engaged in a constructive dialogue
satisfactory to ConAgra Foods by 5:00pm Eastern time on September 19, 2011,
ConAgra Foods will withdraw its proposal.






