With Spinoff Complete ConAgra Foods Sheds 27% of Its Stock Price

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What happened

Shares of ConAgra Foods (NYSE: CAG), a consumer-foods producer with brands including Banquet, Hunt's, and Marie Callender's, are dropping roughly 27% as of 11 a.m. EST as the market reevaluates the company after it spun off its commercial food (Lamb Weston) businesses.

So what

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