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 popularity of private label food thats behind the tasty conagraralcorp deal. Private label, otherwise known as store brands, is gaining traction with retailers and shoppers. In fact, store brands have been growing faster than branded food for some time, and we expect that to continue. Reporter it might be hard to believe, but store brands now account for about a fifth of all packaged foods sold i
For europe and american investors. Tom and its givng tuesday, a new effort to add charity to your gift list this holiday season. Susie that and more tonight on nbr tom a lengthy courtship finally resulted in the marriage today between Conagra Foods and 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 popularity of private label food thats behind the tasty conagraralcorp deal. Private label, otherwise known as store brands, is ining traction wit
Their homes as a wildfire blazes through woodland southwest of the german capital berlin the rapidly spreading fire covers an area about the size of four Hundred Sports Fields and a number of hundreds of firefighters are battling the flames right now but their work has been made harder by old munition from World War Two buried in the forest where this fire is happening right now police have said people though are not in danger at the moment. To ireland now where pope francis is due to begin a two day visit this weekend it is the first papal visit nearly forty years his trip comes as the vatican faces growing pressure from catholics to cooperate with criminal investigators on allegations of current and past Child Sex Abuse damning new revelations in the United States chile and australia have called into question the leadership of bishops and cardinals francis is expected to meet with some of
the victims but critics want accountability now. These are troubling times for the vatican the u
Hamas must be held accountable for the tragic loss of life. Again, this is a temporary ceasefire. At least for now. The truce formally ends this friday morning. And the big story today, out of the mid east, are the talks now beginning in egypt. To try to cement this. To extend the ceasefire. Hamas is there. The plo is there, Islamic Jihad is there. Those are the three big factions out of gaza. Of course, the israelis, theyre there, as well. Egypt playing the role of mediator. Now, officials in gaza say the month of israeli air attacks, not just from the air, which well point out from land, by sea, that all caused 5 billion worth of damage. All estimates here run in the billions. And it is unclear now whether restoring gaza is up for discussion there in cairo. Throughout this conflict, we have shown you not only the death and destruction out of gaza, we have shown you how hamas was firing rockets from gaza at israel. In fact, we showed you this very picture. These rockets rising from ga