SOURCE: Brower Piven, A Professional Corporation

September 20, 2011 12:25 ET

Brower Piven Announces Class Action Lawsuit in Connection With the Proposed Acquisition of Ralcorp Holdings, Inc., by ConAgra Foods, Inc.

STEVENSON, MD--(Marketwire - Sep 20, 2011) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the Missouri Circuit Court on behalf of all shareholders of Ralcorp Holdings, Inc. ("Ralcorp" or the "Company") (NYSE: RAH).

According to the complaint, the claims arise as a consequence of the allegedly self-interested and unreasonable refusal by Ralcorp's Board of Directors ("Board") to enter into any dialogue in response to multiple offers to acquire the Company made by ConAgra Foods, Inc. ("ConAgra") at prices well above Ralcorp's market price.

The complaint alleges that the Board has repeatedly and unreasonably refused to even discuss a potential transaction with ConAgra in spite of numerous premium offers for all of the outstanding Company shares. Instead, the complaint alleges, Ralcorp has erected barriers to any unsolicited takeover, and hastily and belatedly created and introduced its own plan to break up the Company.

If you are a current owner of shares of Ralcorp, you may obtain additional information about this lawsuit by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6701, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contact Information

  • CONTACT:
    Charles J. Piven
    Brower Piven, A Professional Corporation
    Stevenson, Maryland
    410/415-6701
    Email Contact