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ConAgra to Acquire Ralcorp for $4.95B
The transaction creates one of the largest packaged food companies in North America, with sales of approximately $18 billion annually. It will also position ConAgra Foods as the largest private label packaged food business in North America, with combined private label sales of approximately $4.5 billion. -
Cyber Monday Sales Rise 30%, Beat Estimates
Holiday shoppers turned Cyber Monday into the biggest spending day ever with online sales growing 30.3 percent over the same period last year. What's more, nearly one in five consumers used mobile devices to reach retailers' web sites a whopping 70 percent increase over last year. Meanwhile, m-commerce sales experienced a 96 percent jump over Cyber Monday 2011.
