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ConAgra shareholders will gather in Omaha Friday

OMAHA, Neb. (AP) -- ConAgra Foods shareholders will gather in Omaha Friday to hear an update on the food maker's performance.

Shareholders will also vote on several matters, including a proposal to change the maker of Orville Redenbacher, Banquet and other brands counts votes on future shareholder proposals.

The shareholder proposal asks the company to use a simple-majority system when it counts votes and not consider abstentions as votes against an idea.

The other matters shareholders will vote on are routine items such as re-electing directors and approving ConAgra's auditors.

ConAgra is in the midst of integrating its $5 billion acquisition of Ralcorp. That deal made ConAgra the nation's largest producer of store-brand products in the nation along with the branded foods it makes.