Omaha, Neb. and Raleigh, N.C. - ConAgra, Inc and GoodMark Foods, Inc. jointly announced that each share of common stock of GoodMark would be exchanged for 1.08108 shares of ConAgra common stock if their proposed merger occurs on July 31, 1998.
In addition to the approval of the holders of shares representing at least a majority of the GoodMark common stock at the special meeting July 31, 1998, the merger is also subject to certain customary closing conditions.
Raleigh-based GoodMark Foods is a leading producer and marketer of branded meat snacks. Its principal brands include Slim Jim, Penrose, Rough Cut and Pemmican meat snacks and Andy Capp's grain snacks.
Omaha-based ConAgra is a diversified international food company with operations spanning the food chain from crop inputs to branded consumer products.
Meat Industry Insights News Service
P.O. Box 553
Northport, NY 11768
Phone: 631-757-4010
Fax: 631-757-4060
E-mail: sflanagan@sprintmail.com
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