![]() The offer represented a premium of 36% over the closing price on Friday, January 12, 2001. Under the agreement, Nestlé acquired all of Ralston Purina's (NYSE: RAL) outstanding shares for US$33.50 per share in cash. and Ralston Purina announced in January 2001 a definitive merger agreement. Ralston Purina became the subject of an acquisition bid by Swiss-based Nestlé, whose Friskies brand was the other leading US brand of pet food. The animal feed businesses continue to use the Purina and Chow brands, which Purina Mills and Cargill license for use in the US and internationally, respectively. In 1998, Ralston Purina spun off its international animal feed business as Agribrands, which was acquired by Cargill in 2001. In 1994, the Ralston "human food" operations of the Ralston Purina Company were spun off into a new company called Ralcorp Holdings. Purina Mills is now owned by Land O'Lakes. In 1986, Ralston Purina sold Purina Mills, its US animal feed business, to British Petroleum. These cereals became so successful that the name of the enterprise was changed in 1902 to the Ralston-Purina Company. Edgerly was at the time promoting the consumption of whole-grain cereal. Later, the company began producing cereal, which received endorsement by Webster Edgerly, founder of Ralstonism, to market Ralston breakfast cereals. Its predominant brand for each animal was generally referred to as "Chow" hence "Purina Horse Chow", "Purina Dog Chow", "Purina Cat Chow", "Purina Rabbit Chow", "Purina Pig Chow", and "Purina Monkey Chow". Danforth formed a partnership with George Robinson William Andrews entered the business of feeding farm animals by founding the Robinson-Danforth Commission Company. Danforth established the animal feed company Purina Mills. Ralston Purina (originally Ralston-Purina) traces its roots to 1894, when founder William H.
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