Activist Investor Pushing for Ralcorp Change

       Food manufacturer Ralcorp Holdings’ fate as a stand-alone company rests, in part, with Keith Meister, an activist investor who is a newcomer to the company’s board of directors.
       Meister, 39, is managing partner of New York-based hedge fund Corvex Management LP and a former lieutenant of billionaire investor Carl Icahn.
       Meister was appointed to St. Louis-based Ralcorp’s board on Wednesday, following Corvex’s disclosure in August that it owns more than 5 percent of St. Louis-based Ralcorp’s outstanding shares.
       In recent weeks, Corvex has made it clear that it will push for changes at Ralcorp, which makes dozens of private label, or store brand, cereal, pasta, bread, cookies and other foods.


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