I am quoted in an Omaha World-Herald article: “Could a deal for ConAgra be on Buffett’s Plate?” (September 10, 2015).
“This is a logical acquisition candidate because of ConAgra’s brands and leadership positions in its markets,” said David Kass, a finance professor at the University of Maryland and a shareholder of Berkshire Hathaway.
With ConAgra shares trading at about $41.50, the acquisition of 432 million shares would cost about $21 billion with a 20 percent premium included.
“This equals the amount Buffett describes as an ‘elephant’ that he is seeking,” said Maryland professor Kass.
