Ralcorp Costing Investors $1 Billion Opposing ConAgra

Ralcorp Costing Investors $1 Billion Opposing ConAgra

Daniel Acker/Bloomberg

ConAgra Foods Inc. Chef Boyardee brand products sit on display in a supermarket in Princeton, Illinois. Ralcorp spurned the $94-a-share offer from ConAgra on Aug. 12 after turning down earlier offers of $86 and $82 a share.