OMAHA, Neb.--(BUSINESS WIRE)--Jun. 18, 2015--
ConAgra Foods, Inc. (NYSE: CAG) issued the following statement today in
regard to JANA Partners LLC’s investment in the company, which it
learned of on June 17:
ConAgra Foods’ Board of Directors and management team are committed to
acting in the best interests of all shareholders, and we welcome
shareholder engagement. We look forward to opening discussions with JANA
Partners after the ConAgra Foods’ June 30 fourth-quarter earnings
announcement, and discussing their views on shareholder value creation
at ConAgra Foods.
Additionally, the Board of Directors has amended the company’s bylaws to
extend until July 8 the deadline for the submission by shareholders of
nominees for election to the Board of Directors. This extension applies
for the September 2015 annual meeting. Previously, the deadline was June
21.
About ConAgra Foods
ConAgra Foods, Inc., (NYSE: CAG) is one of North America's largest
packaged food companies with branded and private branded food found in
99 percent of America’s households, as well as a strong commercial foods
business serving restaurants and foodservice operations globally.
Consumers can find recognized brands such as Banquet®, Chef Boyardee®,
Egg Beaters®, Healthy Choice®, Hebrew National®, Hunt's®, Marie
Callender's®, Orville Redenbacher's®, PAM®, Peter Pan®, Reddi-wip®, Slim
Jim®, Snack Pack® and many other ConAgra Foods brands, along with food
sold by ConAgra Foods under private brand labels, in grocery,
convenience, mass merchandise, club and drug stores. Additionally,
ConAgra Foods supplies frozen potato and sweet potato products as well
as other vegetable, spice, bakery and grain products to commercial and
foodservice customers. ConAgra Foods operates ReadySetEat.com, an
interactive recipe website that provides consumers with easy
dinner recipes and more. For more information, please visit us at www.conagrafoods.com.