Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, March 8, 2013

Article Excerpt

CONAGRA FOODS INC., $34.77, New York symbol CAG, has agreed to merge its flour-milling operations into a new joint venture. Under the terms of the deal, ConAgra, privately held Cargill Inc. and CHS Inc. (Nasdaq symbol CHSCP) will combine their North American mills into a new business called Ardent Mills. ConAgra and Cargill will each own 44% of Ardent Mills. CHS will own the remaining 12%. In total, Ardent Mills will own 44 flour mills and four bakeries. It will sell its products to various food makers. The merger should make ConAgra’s milling operations more profitable. The deal also gives it a wider geographic presence. Anti-trust regulators still need to approve the merger, but the partners aim to close the deal by the end of 2013. ConAgra is our #1 buy for 2013. Please make sure you are logged in to your account to access these articles. Click here if you’ve lost your password. ConAgra was recently covered in the March 2013 issue of Wall Street…