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Stock Market & Financial Investment News

News Breaks
February 3, 2014
06:48 EDTNSRGY, POSTPost 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.
News For POST;NSRGY From The Last 14 Days
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February 26, 2015
13:30 EDTPOSTEarnings Preview: Herbalife reporting after Soros, Post Holdings increase stakes
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February 22, 2015
17:31 EDTNSRGYNestle looks to boost productivity in Switzerland, Reuters says
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February 19, 2015
05:36 EDTNSRGYNestle aims to achieve organic growth of around 5%
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05:35 EDTNSRGYNestle reports FY14 organic growth of 4.5%
Nestlé'sFY14 organic growth was 4.5%, composed of 2.3% real internal growth and 2.2% pricing. Sales were CHF 91.6B, down 0.6%, impacted by negative foreign exchange of -5.5%. Acquisitions, net of divestitures, added 0.4% to sales.

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