ConAgra says unable to estimate Ralcorp integration costs

theflyonthewall.com

ConAgra disclosed in a regulatory filing that on May 16, the company's board authorized a restructuring and integration plan related to the ongoing integration of the recently acquired operations of Ralcorp Holdings. The plan is expected to include steps to, integrate headquarter functions across the organization, and optimize manufacturing assets, as a result of which the company expects to incur material charges for exit and disposal activities. At the time of the acquisition of Ralcorp, the company anticipated that it would need to take restructuring actions in integrating Ralcorp. The company is currently unable to make a determination of an estimate of the total amount or range of amounts for each major type of cost expected to be incurred in connection with the plan, an estimate of the total amount or range of amounts expected to be incurred in connection with the plan, or an estimate of the amount or range of amounts of the charges that will result in future cash expenditures.

View Comments (0)