Focus: Will ConAgra sell its own-label unit?

ConAgra Foods came under even more pressure to start delivering returns to shareholders last week when activist investor Jana Partners revealed it has taken a 7.2% stake in the US food company. Shareholders have long grumbled about the seeming incomparability between ConAgra's branded and private label business, with shares in the underperforming food maker at all time highs on the expectation that disposals must soon come. Are there more options open to ConAgra management than simply carving up