Advertisement
 
YOU ARE HERE: LAT HomeCollectionsConagra Inc
IN THE NEWS

Conagra Inc

BUSINESS
August 7, 1993 | CHRIS WOODYARD and GREG JOHNSON, TIMES STAFF WRITERS
In a new blow to the fragile Orange County economy, Hunt Foods Co. announced Friday that it will lay off hundreds of workers next month when it reconfigures its tomato-processing plant here. The company, a division of Hunt-Wesson Inc., said it will reduce its work force by roughly half, resulting in the layoff of about 225 year-round workers plus the elimination of 300 seasonal positions.
Advertisement
BUSINESS
September 6, 1991 | SCOT J. PALTROW, TIMES STAFF WRITER
Shearson Lehman Bros. Inc. said Thursday that it suspended two senior executives on suspicion that they illegally ordered the manipulation of stock prices, delivering another blow to Wall Street's sullied reputation. Sources said the manipulation of ConAgra Inc.'s stock was meant to prevent Shearson, the huge New York-based brokerage and investment banking firm, from incurring losses that could have amounted to tens of millions of dollars. In a letter to employees, Howard L. Clark Jr.
BUSINESS
June 8, 1990 | MARIA L. La GANGA, TIMES STAFF WRITER
Leveraged buyout specialist Kohlberg Kravis Roberts & Co. said Thursday that it will sell its giant food unit Beatrice Co. to ConAgra for $1.34 billion in a cash and stock deal that will make ConAgra the second-largest U.S. food-processing company. Under terms of the transaction, which must be reviewed by the federal government, ConAgra will pay $11.50 per Beatrice share, plus put up $626 million in cash. Omaha-based ConAgra has long boasted that it is the only major U.S.
BUSINESS
June 8, 1990 | JOHN O'DELL, TIMES STAFF WRITER
It is almost old-hat to the employees of Beatrice Co.'s Hunt-Wesson division here. The acquisition of Beatrice by ConAgra marks the fifth time in six years that the nearly 2,500 Hunt-Wesson employees in Orange County--about 9,000 throughout the United States and Canada--have had a new boss.
BUSINESS
April 22, 1990 | MARIA L. La GANGA, TIMES STAFF WRITER
By the end of the week, it was hard to deny that something was wrong in the meatpacking industry: Monday, March 5: Specialty meat processor Doskocil Cos. of Hutchinson, Kan., filed for protection under Chapter 11 of the U.S. Bankruptcy Code. its major competitors--the so-called Big Three meatpackers--are all angling to snap up the company's slaughtering facilities, a Doskocil spokesman said. Thursday, March 8: Farmstead Foods of Albert Lea, Minn.
BUSINESS
June 24, 1989
Holly Farms OKs Tyson's Buyout Offer: Holly Farms Corp.'s directors have accepted rival Tyson Foods Inc.'s $1.4-billion buyout offer and agreed to pay Conagra Inc. to drop out of the bidding. Under terms of the agreement, Conagra will receive $50 million to end a previous merger pact with Holly Farms. The Memphis-based poultry processor will pay a $20-million termination fee; Conagra will receive the remaining $30 million when Tyson completes its purchase of Holly Farms stock.
Los Angeles Times Articles
|