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Bond In Investing Savings By Armando Duke

Bond Investment Toledo Toledo (AXcess News) Houston, TX - ConAgra Foods Inc. (NYSE: CAG),a leading packaged food company, said its grown cold on the refrigerated meats business, opting to divest most of its refrigerated meats businesses, including the Armour, Butterball, and Eckrich brands.

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James Bond Trading Card In addition,ConAgra announced several changes to streamline its operating structure, including moving its Grocery Foods headquarters from Irvine, Calif., to Naperville, Ill., and further centralizing its shared services.

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Bond In Investing Stock ConAgra chief executive Gary Rodkin gave shareholder spin with vague reasons for the sell-off of its refrigerated meats business and consolidating management to Naperville saying, "Our actions today reflect our commitment to simplify operations and to concentrate in areas where we have the strongest competitive positions."

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Municipal Bonds Investment ConAgra's refrigerated meats business generated $1.9 billion in sales last year and includes the sale of 15 plants that employ some 6,000 workers. A spokesperson for the company told the media that ConAgra assumed the employees would be picked up by who ever buys that division.

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Bond Terms Trading "Radical Rodkin", as he is being called by critics, joined ConAgra last October. The sale of its refigerated meats business isa move intended onstreamlining the business of the packaged foods giant. Last week ConAgra said it it was selling Cook's, a smoked-meat business, to Smithfield Foods Inc. (NYSE: SFD). That sale included three plants employing 1,540 people. Today's news on the sale of the refrigerated meats business did not come with a buyer. The Company said it figured it would take a year to closethat deal.

Bond Debt High In Inside ConAgra said the sale of the refrigerated meats business will not affectits Healthy Choice, Hebrew National, Brown 'N Serve, Slim Jim or Pemmican brands.

Bond Greenville Greenville ConAgra called the consolidation and sales a "muscle-building phase:, implying that its strongest brands, such as Healthy Choice, Chef Boyardee and Egg Beaters, was where it would focus its development capital. It also said it could concentrate where to invest its cash as well.

Trading Stock And Bonds If only shareholders agreed. ConAgra closed down 24 cents, or 1.14 percent, at $20.74, only 75 cents above its 52-week low.

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