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Market Chatter: Conagra Explores Sale of Chef Boyardee Brand
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Market Chatter: Conagra Explores Sale of Chef Boyardee Brand
Dec 5, 2024 8:07 AM

10:54 AM EST, 12/05/2024 (MT Newswires) -- Conagra Brands ( CAG ) has retained investment bankers Centerview Partners to assist with the potential sale of its Chef Boyardee pasta business, Reuters reported on Thursday, citing people familiar with the matter.

The sources told Reuters the brand could be valued at well over $500 million and is being shopped to other food companies as well as private equity firms.

A Conagra spokeswoman told MT Newswires that the company does not comment on market rumors and speculation.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 27.67, Change: +0.34, Percent Change: +1.26

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