First Trade Date for ConAgra Foods, Inc.
| Company Name | First Trade Date (yyyy-mm-dd) |
| ConAgra Foods, Inc. | 1973-01-09 |
| Company Name | Symbol |
| ConAgra Foods, Inc. | CAG |
| History and Business of Company (this information may include date of incorporation) | |
|
ConAgra Foods, Inc. ("ConAgra Foods" or the "company") is a leading packaged food company serving a wide variety of food customers. The company's packaged foods and food ingredients segments accounted for approximately 92% of its fiscal 2003 net sales of $19.8 billion. Over time, the company, which was first incorporated in 1919, has grown through acquisitions, operations and internal brand development. The company's more significant acquisitions have included Beatrice Company in 1990, Golden Valley Microwave Foods in 1992 and International Home Foods in 2001. In recent years, ConAgra Foods has been pursuing an acquisition and divestiture strategy to shift its focus toward its core branded and value-added food products. During fiscal 2003, the company divested a controlling interest in its fresh beef and pork business ("fresh beef and pork divestiture"), its canned seafood operations, significant cheese operations, and committed to a plan to sell its chicken operations. On June 9, 2003, the company announced an agreement to sell its chicken operations; the company expects to close the transaction in the summer of 2003. These divestitures are part of an ongoing program to focus on higher-margin opportunities to improve overall company financial results. | |
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