Post Holdings holds merger talks with ConAgra

Cereal maker Post Holdings Inc. recently held talks to combine with ConAgra Foods Inc.’s frozen-potato business, people familiar with the matter told The Wall Street Journal.

The combination with ConAgra's potato business, known as Lamb Weston, would be one of the largest consumer-industry mergers in recent history.

The sources said talks have stalled but may come back.

ConAgra is busy spinning off Lamb Weston, a move it announced late last year.

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