Ralcorp Holdings Up Over 6% (RAH, CAG)

Ralcorp Holdings, Inc. RAH shares are higher by over 6% today, as the company disclosed that it did receive a takeover offer from Apollo, as well as Conagra CAG. Last week, CNBC broke the story that Ralcorp had received a friendly takeover offer from Conagra, and that Conagra's bid was worth roughly $80 per share. At last check, shares of Ralcorp Holdings were up $4.97 to $82.77, a gain of 6.4% on 2.4 million shares. Ralcorp Holdings, Inc. provides various food products and ready-to-eat cereal products. The company’s Branded Cereal Products segment offers ready-to-eat cereals under Honey Bunches of Oats, Pebbles, Post Selects, Great Grains, and others.