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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ConAgra Brands Inc | NYSE:CAG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.47 | 1.56% | 30.66 | 30.76 | 30.30 | 30.34 | 2,763,711 | 22:09:43 |
From May 2019 to May 2024
ConAgra Foods Inc. has agreed to add two members to its board of directors as part of an agreement with Jana Partners LLC, which has been pushing for change citing the company's ailing private-label business.
Under the agreement with the New York hedge fund, which owns about a 7.2% stake in ConAgra, Bradley A. Alford, the former chief of Nestlé USA, and Timothy R. McLevish, former chief financial officer of Walgreens Boots Alliance Inc., will join the board by July 22. With their addition, ConAgra's board will increase to 14 members.
The announcement comes a day before an extended deadline for nominations to the board brokered last month.
ConAgra had previously agreed to sell the private-label business, less than three years after paying $5 billion for it.
ConAgra's shares, which set a 52-week-high trade on Tuesday at $45.09, rose 0.88% in late trading to $45.05. Through Wednesday's closing, the company's stock was up 23% for the year.
Write to Maria Armental at maria.armental@wsj.com
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