Archives for August 11, 2011

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Ralcorp rejects ConAgra bid for the third time

By Elaine Watson

Ralcorp has rebuffed the advances of suitor ConAgra Foods for the third time and insisted that its plan to spin off its Post cereals business offers shareholders greater value.

Nestlé to double dairy output in Pakistan

By Helen Glaberson

Food giant Nestlé has announced plans to double its dairy output in Pakistan, where there is growing consumer demand for branded milk, according to Mintel.