When Gary Rodkin became chief executive officer of ConAgra Foods in 2005, he took the reins of a conglomerate with interests ranging from commodities trading to wholesale foodservice, and set out to transform it into a more streamlined consumer packaged goods company with a strong portfolio of brands. Major divestments have included the ConAgra Trade Group, which was sold to Ospraie Management for $2.1 billion in 2008. Last month, this trend continued when the Omaha, Neb.-headquartered ...

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