Omaha, NB - GoodMark Foods, Inc., merged with ConAgra, Inc. following approval of the merger agreement at a special meeting of GoodMark's shareholders in Raleigh, NC, earlier. The two companies' agreement to merge was announced June 18, 1998.
As announced on July 24, 1998, ConAgra will issue 1.08108 shares of ConAgra common stock for each outstanding share of GoodMark common stock. ConAgra will issue approximately 7.8 million shares of common stock for GoodMark's estimated 7.2 million outstanding shares of common stock.
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. GoodMark's annual sales are about $170 million.
Omaha-based ConAgra is a diversified international food company with operations spanning the food chain from crop inputs to branded consumer products. Annual sales are about $24 billion.
ConAgra's well-known consumer brands include Healthy Choice and Advantage\10 health-positioned foods; Banquet, Marie Callender's, Kid Cuisine and MaMa Rosa frozen foods; Butterball and Country Pride turkey and chicken products; Hunt's tomato products and more.
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
Return to Home Page