Conagra Playing Catch Up With Major U.S. Food Companies

In the 10 months since taking the helm at Conagra Foods Inc., Sean Connolly has sold a private-label unit for $2.7 billion, announced plans to spin off a business that supplies potatoes to fast-food chains, and decided to move the company’s headquarters to Chicago from Omaha, Neb. So why this flurry of changes? Conagra, it turns out, has a lot of catching up to do. In recent years, other big U.S. food and beverage companies, including...

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