Conagra CEO Says of Half of Company Breakups Work -- Market Talk

Dow Jones11-13

1600 ET - Conagra CEO Sean Connolly says that in his experience, there's a 50% chance as to whether splitting a whole company, like his competitor Kraft Heinz is doing, will create value for shareholders. Connolly, without name-dropping the ketchup maker, said at an investor conference that creating value for shareholders would likely mean both parts of the company getting acquired at a premium. "When one part gets acquired at a premium and the other and the other has multiple weaknesses, you might be lucky to get back to breakeven. So the data would suggest in those deals about half of them work, half of them don't work." When asked about M&A actions for Conagra's portfolio, Connolly said you can expect that every five years, a meaningfully larger chunk of the company's total portfolio will be focused on frozen snacks. And that means its grocery business will decline. (emon.reiser@wsj.com)

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November 12, 2025 16:00 ET (21:00 GMT)

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Connolly, without name-dropping the ketchup maker, said at an investor conference that creating value for shareholders would likely mean both parts of the company getting acquired at a premium. \"When one part gets acquired at a premium and the other and the other has multiple weaknesses, you might be lucky to get back to breakeven. So the data would suggest in those deals about half of them work, half of them don't work.\" When asked about M&amp;A actions for Conagra's portfolio, Connolly said you can expect that every five years, a meaningfully larger chunk of the company's total portfolio will be focused on frozen snacks. And that means its grocery business will decline. (emon.reiser@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 16:00 ET (21:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Conagra CEO Says of Half of Company Breakups Work -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConagra CEO Says of Half of Company Breakups Work -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-13 05:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1600 ET - Conagra CEO Sean Connolly says that in his experience, there's a 50% chance as to whether splitting a whole company, like his competitor Kraft Heinz is doing, will create value for shareholders. Connolly, without name-dropping the ketchup maker, said at an investor conference that creating value for shareholders would likely mean both parts of the company getting acquired at a premium. \"When one part gets acquired at a premium and the other and the other has multiple weaknesses, you might be lucky to get back to breakeven. So the data would suggest in those deals about half of them work, half of them don't work.\" When asked about M&amp;A actions for Conagra's portfolio, Connolly said you can expect that every five years, a meaningfully larger chunk of the company's total portfolio will be focused on frozen snacks. And that means its grocery business will decline. (emon.reiser@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 16:00 ET (21:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0225771236.USD","symbol_name":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2583002863","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583002863","pubTimestamp":1762981200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1600 ET - Conagra CEO Sean Connolly says that in his experience, there's a 50% chance as to whether splitting a whole company, like his competitor Kraft Heinz is doing, will create value for shareholders. Connolly, without name-dropping the ketchup maker, said at an investor conference that creating value for shareholders would likely mean both parts of the company getting acquired at a premium. \"When one part gets acquired at a premium and the other and the other has multiple weaknesses, you might be lucky to get back to breakeven. So the data would suggest in those deals about half of them work, half of them don't work.\" When asked about M&A actions for Conagra's portfolio, Connolly said you can expect that every five years, a meaningfully larger chunk of the company's total portfolio will be focused on frozen snacks. And that means its grocery business will decline. 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Connolly, without name-dropping the ketchup maker, said at an investor conference that creating value for shareholders would likely mean both parts of the company getting acquired at a premium. \"When one part gets acquired at a premium and the other and the other has multiple weaknesses, you might be lucky to get back to breakeven. So the data would suggest in those deals about half of them work, half of them don't work.\" When asked about M&A actions for Conagra's portfolio, Connolly said you can expect that every five years, a meaningfully larger chunk of the company's total portfolio will be focused on frozen snacks. And that means its grocery business will decline. 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