Beatrice Co

ConAgra Foods, Inc. says that the reserves for its Beatrice Company subsidiary’s environmental matters totaled US$88.8 million as of May 31, 2009.

Expenditures for Beatrice environmental matters are expected to continue for a period of up to 20 years.

In fiscal 1991,…

ConAgra Foods, Inc., as of Aug. 24, 2008, had reserves of US$91.1 million for environmental liabilities related to Beatrice Co., which the Company acquired in 1991.

As a result of the acquisition, the Company’s consolidated post- acquisition financial statements reflect liabilities…