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Stock Market & Financial Investment News

News Breaks
February 3, 2014
06:48 EDTPOST, NSRGYPost Holdings agrees to acquire PowerBar, Musashi brands from Nestle
Post Holdings (POST) announced it has agreed to acquire the PowerBar and Musashi brands and related worldwide assets from Nestle (NSRGY). This transaction furthers Post's efforts to expand upon its investment in the active nutrition category while continuing to execute against the strategy of transforming Post into a more diversified consumer goods company. Post anticipates combining this transaction with Post's current active nutrition portfolio to form a singular Active Nutrition Group with expected annualized revenue approaching $550M. The acquired brands participate in the rapidly growing sports nutrition bar and sports nutrition supplement categories. The global active nutrition category is expected to remain strong with the category projected to grow at a compound annual growth rate of 7% between 2014 and 2017.
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August 20, 2014
06:27 EDTPOSTPost, Thai Union interested in Bumble Bee takeover, Reuters says
Bumble Bee Foods has drawn acquisition interest from both Thai Union Frozen Products and Post Holdings recently, according to Reuters, citing people familiar with the matter. The sources said that the company is anticipating to launch a sale process this coming autumn and has named an adviser to assist with the endeavor. Reference Link

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