US food company Conagra focuses on Pinnacle Foods
There could be a billion-euro merger in the food industry in the USA. Conagra Brands recently spoke to its slightly smaller competitor Pinnacle Foods about a takeover, the Bloomberg news agency reported on Thursday, citing persons familiar with the case. The talks are still at an early stage and could also fail.
Conagra is one of the largest food manufacturers in the USA with a market value of more than 15 billion US dollars. The frozen food producer Pinnacle Foods brings it to around 8 billion dollars. Its shares rose by around 3 percent on Thursday./mis/gl (dpa)
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