Ralcorp has outlined the shape of the company after it spins off its Post cereals business, four years after it bought the maker of Grape-Nuts, Raisin Bran and Honey Bunches of Oats from Kraft Foods for $1.65bn.
In financial news this week; Ralcorp posts first quarter profit
sales increases, Trian attempts to control Wendy's executive board,
and an Australian baker strengthens security after the value of his
commodities goes up.
Fonterra is initiating a two-year consultation to adopt a preferred
capital structure that could see it split in two and listing on the
New Zealand Stock Exchange, to better take advantage
of growth opportunities.
A lawsuit has been launched against ingredients giant Corn Products
International, alleging that one or more of its directors violated
federal securities laws by issuing false and misleading statements
to the market.