Conagra Brands (CAG) has retained investment bankers Centerview Partners to assist with the potential sale of its Chef Boyardee pasta business, Reuters reported on Thursday, citing people familiar with the matter.
The sources told Reuters the brand could be valued at well over $500 million and is being shopped to other food companies as well as private equity firms.
A Conagra spokeswoman told MT Newswires that the company does not comment on market rumors and speculation.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 27.67, Change: +0.34, Percent Change: +1.26
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.