Ralcorp Deal is First M&A Nibble for Food ETF
May 04, 2011 at 07:52 AM EDT
A new exchange traded fund (ETF) that invests in food companies could see action Wednesday following ConAgra’s (NYSE: CAG) $4.9 billion cash offer for Ralcorp (NYSE: RAH). Global X Food ETF (NYSEArca: EATX) was launched on May 2 and holds both stocks. Ralcorp sells Post cereals, while...
