Ralcorp Sale Puts St. Louis HQ in Doubt

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Food giant ConAgra’s purchase of Ralcorp creates a bonanza for Ralcorp shareholders, but it raises the risk that St. Louis could lose another corporate headquarters.

ConAgra on Tuesday said it will pay $5 billion in cash for the St. Louis-based Ralcorp Holdings Inc., the country’s largest maker of private-label foods. ConAgra‘s CEO said the company hasn’t decided whether to keep a headquarters operating in downtown St. Louis or on the future of the staff. The company has about 350 workers in the city.

Read more on St. Louis Post-Dispatch.

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