1. ConAgra to Split in Two

    ConAgra to Split in Two

    ConAgra Foods Inc., which has responded to mounting challenges in the food sector with aggressive restructuring this year, unveiled Wednesday plans to split into two independent public companies. One of the companies is slated to house the consumer-brands business and will be renamed Conagra Brands Inc. while the second company will be named Lamb Weston and will spin off ConAgra's frozen potato products...

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    1. The separation will enable each company to sharpen its strategic focus and provide flexibility to capitalize on the unique growth opportunities in its respective market.
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