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• The Associated Press reports that ConAgra Foods is announcing today that it is "splitting off leading brands such as Chef Boyardee and Healthy Choice into Conagra Brands Inc. It will spin off its frozen potato business under the Lamb Weston name."

The story notes that these changes are just the latest at ConAgra, which already has sold its private brand business to TreeHouse Foods for $2.7 billion, has cut about 30 percent of its office-based workforce, and is moving its headquarters from Omaha, Nebraska, to Chicago.
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