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BUSINESS
January 25, 1997 | From Times Wire Services
Monsanto Co. said Friday that its fourth-quarter earnings rose 1.1%, in line with expectations, to cap a year in which the company moved to shed its remaining chemicals business and establish itself as a dominant force in agricultural biotechnology. Profit from operations rose to $90 million, or 15 cents a share, from $89 million, also 15 cents a share, in the year-earlier period. The results were just short of the 16-cents-a-share forecast by analysts. St.
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BUSINESS
January 4, 1997 | Times Staff and Wire Reports
Vail Resorts Inc. won federal antitrust approval to buy two of the three ski resorts it planned to buy from Ralcorp Holdings Inc., clearing the way for creation of the world's largest ski resort company. Vail Resorts, in a settlement with the Justice Department, will be able to buy Ralcorp's two largest resorts--Breckenridge and Keystone--as long as it sells Arapahoe Basin to settle antitrust concerns. Arapahoe is the smallest of the three resorts, located about 100 miles from Denver.
BUSINESS
January 4, 1997 | Times Staff and Wire Reports
Vail Resorts Inc. won federal antitrust approval to buy two of the three ski resorts it planned to buy from Ralcorp Holdings Inc., clearing the way for creation of the world's largest ski resort company. Vail Resorts, in a settlement with the Justice Department, will be able to buy Ralcorp's two largest resorts--Breckenridge and Keystone--as long as it sells Arapahoe Basin to settle antitrust concerns. Arapahoe is the smallest of the three resorts, located about 100 miles from Denver.
BUSINESS
January 25, 1997 | From Times Wire Services
Monsanto Co. said Friday that its fourth-quarter earnings rose 1.1%, in line with expectations, to cap a year in which the company moved to shed its remaining chemicals business and establish itself as a dominant force in agricultural biotechnology. Profit from operations rose to $90 million, or 15 cents a share, from $89 million, also 15 cents a share, in the year-earlier period. The results were just short of the 16-cents-a-share forecast by analysts. St.
BUSINESS
December 27, 1996 | From Times Wire Services
General Mills can move forward with its $570-million purchase of Ralcorp Holdings' Chex brand cold cereals, but with some restrictions, the Federal Trade Commission said Thursday. General Mills, America's second-largest cereal maker, agreed to drop restrictions on the sale of private-label versions of Chex as a condition of the FTC's antitrust approval for the purchase.
BUSINESS
July 30, 1998
President Clinton signed into law the Homeowners Protection Act of 1998, which automatically cancels private mortgage insurance once a borrower attains 22% equity. Currently, homeowners pay PMI to protect lenders from defaults on mortgages. * Ralcorp Holdings Inc. agreed to sell its struggling, 67-year-old Beech-Nut baby food business, the second-largest behind Gerber Products Co., which was spun off from Ralston Purina Co.
BUSINESS
August 31, 2000 | Bloomberg News
Genesee Corp. agreed to sell its namesake brewing unit to a group led by Chief Executive Samuel Hubbard Jr. for more than $22 million as part of its plan to liquidate the company. The No. 5 U.S. brewer said it also will sell its Ontario Foods division to Ralcorp Holdings Inc. Terms of that transaction weren't disclosed. Rochester, N.Y.
BUSINESS
June 19, 1996 | Times Staff and Wire Reports
Nearly 200 Jobs to Be Cut at Ralston Unit: Ralcorp Holdings Inc. plans to cut production at its Battle Creek, Mich., cereal plant by half, eliminate 190 of 356 jobs there and record an unspecified charge against earnings in the third quarter. The food products company said the cuts in Battle Creek are part of a program to reduce costs by $25 million to $30 million annually at its Ralston Foods cereal unit. Ralcorp announced earlier the elimination of 100 jobs at its St. Louis headquarters.
BUSINESS
July 24, 1996 | Times Staff and Wire Reports
Vail Resorts to Buy Ralcorp Unit: Vail Associates Inc., owner and operator of the Vail and Beaver Creek ski resorts, said it will acquire Ralcorp Holdings Inc.'s ski and resort operations for about $310 million. Under the agreement, Vail Resorts would assume $165 million of Ralcorp debt and Ralcorp will get about 25% of the combined company, which would have five resorts within a 40-mile radius and annual revenue of about $300 million.
BUSINESS
December 27, 1996 | From Times Wire Services
General Mills can move forward with its $570-million purchase of Ralcorp Holdings' Chex brand cold cereals, but with some restrictions, the Federal Trade Commission said Thursday. General Mills, America's second-largest cereal maker, agreed to drop restrictions on the sale of private-label versions of Chex as a condition of the FTC's antitrust approval for the purchase.
BUSINESS
December 1, 1998 | Bloomberg News
Kellogg Co. is expected to fire as much as 20% of its U.S. salaried staff, or about 400 workers, as the world's largest cereal maker seeks cash to pay for new products, ads and promotions, analysts said. The maker of Frosted Flakes and Rice Krispies in September said that it would review all 2,000 salaried workers at its Battle Creek, Mich., headquarters and other administrative expenses. The moves are part of a push to cut $100 million in annual costs.
BUSINESS
December 5, 2000 | From Times Wire Services
Cargill Inc., the huge commodity processor, said Monday that it reached an agreement to buy Agribrands International, which markets animal feed under the Purina and Checkerboard names, for about $580 million. The deal breaks up Agribrands' previously announced merger with Ralcorp Holdings Inc. worth $450 million. Agribrands and Ralcorp, both of St. Louis, had once been part of Ralston Purina Co.
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