Conagra Brands To Divest Its 51.8% Ownership Stake In India-based Agro Tech Foods
(RTTNews) - Conagra Brands, Inc. (CAG) announced Thursday that one of its subsidiaries has entered into a definitive agreement with funds advised by Convergent Finance and Samara Capital to divest its 51.8% ownership stake in Agro Tech Foods Ltd.
Agro Tech Foods is a food company based in Mumbai, India, and listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
The transaction is subject to customary closing conditions, including the receipt of any applicable regulatory approvals.
The transaction is expected to be completed by the end of calendar year 2024. Upon the close of this agreement, Conagra Brands will no longer consolidate the results of Agro Tech Foods in its financial statements.
read more
Conagra Brands Partners Microsoft And EY To Boost AI Capabilities With Human-Centered Approach
Conagra Brands, Inc. (CAG) announced Tuesday it is advancing its artificial intelligence solutions through a human-centered approach in collaborations with Microsoft Corp. (MSFT) and Ernst & Young LLP (EY). This approach will prioritize responsible use of AI across the company.
RTTNews
|
130 dagar sedan
Conagra Brands Reaffirms FY24 Outlook - Update
While reporting financial results for the third quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2024.
RTTNews
|
212 dagar sedan
Conagra Brands Trims FY24 Outlook - Update
While reporting financial results for the second quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) lowered its adjusted earnings and organic net sales growth guidance for the full-year 2024, to reflect year-to-date results, expectations for a slower volume recovery, and increased brand investments in the second half of the fiscal year.
RTTNews
|
303 dagar sedan
Conagra Brands Guides FY24 Adj. EPS Below Estimates; Boosts Dividend - Update
While reporting financial results for the fourth quarter on Wednesday, branded food company Conagra Brands, Inc. (CAG) initiated its adjusted earnings and organic net sales growth guidance for the full-year 2024.
RTTNews
|
478 dagar sedan
Conagra Recalls Frozen Beef Shepherd's Pie Products
Branded food company Conagra Brands Inc. is recalling around 2,717 pounds of frozen beef shepherd's pie products citing possible contamination with extraneous materials, specifically clear, flexible plastic, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves 4.31 lbs. cases of "MC Beef Shepherd's Pie" with lot code 5006306020...
RTTNews
|
502 dagar sedan
Conagra Brands Boosts FY23 Adj. EPS Outlook - Update
While reporting financial results for the third quarter on Wednesday, branded food company Conagra Brands, Inc. (CAG) raised its adjusted earnings guidance for the full-year 2023, while trimming annual organic net sales growth outlook.
RTTNews
|
577 dagar sedan
Conagra Brands Boosts FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) raised its adjusted earnings and organic net sales growth guidance for the full-year 2023, based on a strong performance in the first half of the fiscal year.
RTTNews
|
667 dagar sedan
Conagra Brands Reaffirms FY23 Outlook - Update
While reporting financial results for the first quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2023.
RTTNews
|
758 dagar sedan
