BOSTON (Thomson Financial) - ConAgra Foods Inc. Tuesday said it initiated an accelerated share repurchase program to buy back $900 million of its common stock.
The Omaha, Neb.-based packaged food company said the program will be funded with a portion of its proceeds from the recent sale of its trading and merchandising segment.
Shares of ConAgra Foods closed Monday at $19.28. Casey Logan cl/pc COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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