Conagra is in decline shedding salary jobs and selling off divisions. The top people will get rich selling off brands until there is one or two left then conagra will be finished as a large food company. No need for employees if there is no work to do. Jana and CEO are in bed together to get rich and move on like Hillshire farms.
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https://www.thelayoff.com/search.php?q=JANA
Jana is a leach, it'll suck our blood dry
Just look at what Jana has done to Qualcomm.
Connolly very well may be in over his head and biting off much more than he can chew, but I don't believe the intent is to strip everything away and sold off in pieces to unlock shareholder value. If that was the case, the move to Chi-Troit would be a complete red herring. I'm assuming CAG would merge with another competitor or make several acquisitions in the next few years to maintain a similar but albeit smaller scale. Time will tell.