Over the weekend, we put out our thoughts to Activist Strategy subscribers on Jana Partners and ConAgra. We’re not impressed, with Jana getting a little reckless with recent campaigns. ConAgra has actually outperformed many peers since the Ralcorp acquisition, even without any executives with private label foods experience.
ConAgra will cave to Jana, however. Question is, how do they break up the company? On a SOTP basis, it might not be all that appealing. Read this piece and others via Activist Strategy. Two-week free trials available.