Conagra Brands to buy high point Foods for $10.9 billion in notes and stock, plus debt :

Conagra Brands on Wednesday announced campaign to make a purchase of height Foods in a cash-and-stock trade the concert party valued at about $8.1 billion. Since proper chief executive of Conagra in 2015, Connolly has drastically transformed the theater company to focus on modernizing a collection of branded foods that includes names like Orville Redenbacher's popcorn and Hebrew citizen fiery dogs. Conagra's head of the company lately told analysts that "M&A dead body a main measurement of [the company's] plan," and that Conagra intends to pursue a limit of deals including, "modernizing acquisitions, synergistic acquisitions and elite divestitures." time large groceries companies across the get on boast seen sales stall as they struggle with the burden of having big brands out of trace with today's shoppers, frozen rations has been one of a small amount of the categories they own been bright to recover through investment.

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