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ConAgra Foods unloads Spicetec business

May 23, 2016 4:25 PM ETConagra Brands, Inc. (CAG) StockBy: Clark Schultz, SA News Editor
  • ConAgra Foods (NYSE:CAG) announces that it will sell Spicetec Flavors & Seasonings to Givaudan for ~$340M.
  • The deal is expected to close within three months.
  • Reports emerged earlier in the year indicating that ConAgra was considering a sale of the business.

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