Ralcorp Shareholders Approve Issuance of Shares in Connection with the Acquisition of the Post Cereals Business and Bunge Limited Schedules Second Quarter 2008 Earnings Release and Conference Call
City of Industry, CA --(www.USEquityNews.com)-- 07/18/2008 - Consumer Goods industry alert provided by U.S. Equity News. Ralcorp Holdings, Inc. ("Ralcorp") announced that, at a special meeting of shareholders held recently, July 17, 2008, shareholders approved the issuance of shares of Ralcorp common stock, $.01 par value per share, in connection with the acquisition by Ralcorp of the Post cereals business of Kraft Foods Inc. ("Kraft") (NYSE: KFT) through the merger (the "Merger") of Cable Holdco, Inc. ("Splitco"), a wholly owned subsidiary of Kraft, with and into Ralcorp Mailman LLC ("Ralcorp Mailman"), a wholly owned subsidiary of Ralcorp. The closing of the Merger and the related transactions (collectively, the "Transactions") remains subject to certain conditions set out in the RMT Transaction Agreement between Kraft, Splitco, Ralcorp and Ralcorp Mailman dated as of November 15, 2007 which was filed with the SEC on Form 8-K on November 20, 2007.
US Farms, Inc. (OTCBB: USFI), a diversified commercial Farming and Nursery company, announced recently that effective Friday, July 18, 2008, its new quotation symbol on the Over-the-Counter Bulletin Board will be USFM as a result of a 1-for 25 reverse split of its common stock. The Board of Directors approved the 1-for-25 reverse split of its common stock on June 30, 2008. Pursuant to the reverse split, holders of the Company's common stock are deemed to hold one (1) post-split share of the Company's common stock for every twenty-five (25) shares of the Company's issued and outstanding common stock as classified immediately prior to the close of business on the Effective Date. No fractional shares of the Company's common stock will be issued in connection with the reverse split.
Bunge Limited (NYSE: BG), an integrated, global agribusiness and food company, will announce its results for the quarter ended June 30, 2008, on Thursday, July 24, 2008, prior to the market opening. Bunge Limited's management will host a conference call at 10:00 a.m. EDT on July 24, 2008, to discuss the company's results. To listen to the conference call, please dial (877) 857- 6177. If you are located outside of the United States or Canada, dial (719) 325-4769. Please dial in five to 10 minutes before the scheduled start time. When prompted, enter confirmation code 3152490. The conference call will also be available live on the company's Web site at www.Bunge.com.
NutraCea (OTCBB: NTRZ), a world leader in stabilized rice bran (SRB), nutrient research and technology, recently announced that it has signed a definitive agreement with the Bright Food Investment Group a subsidiary of Bright Food Group ("Bright"), China's largest food conglomerate to build the world's largest rice bran oil refinery. The new rice bran oil refinery will process an estimated 500,000 metric tons of raw rice bran annually to produce rice bran oil, new patent-pending defatted rice bran and stabilized rice bran, all of which will be used in a wide range of food applications. Brad Edson, President and Chief Executive Officer of NutraCea said, "We have forged a very important relationship with Bright, which further strengthens our company's global prospects.
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