With
Wall Street's quarter-to-quarter obsession, it's often thought that
corporate America no longer has the luxury of thinking and planning
for the long term. ConAgra's
(NYSE:CAG)
eventual success in winning over Ralcorp
(NYSE:RAH)
to a friendly bid shows, though, that patience can still play a
significant role in business. Although ConAgra is not getting a great
bargain here, this should be a value-additive deal for the company
over the long term.
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