ST. LOUIS, Mo. -- Ralcorp Holdings, Inc., announced that it has reached a definitive agreement to sell its branded baby food subsidiary, Beech-Nut Nutrition Corp., to The Milnot Company for $68 million in cash. Both companies are based here. k nuts. "It was a difficult decision to part with a piece of our company that has been with us since our initial spinoff from Ralston Purina, but we feel it's in the best interest of our shareholders and the Beech-Nut Company to take this step," said ...

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