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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.
News For POST;NSRGY From The Last 14 Days
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November 25, 2014
09:20 EDTPOSTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Signet Jewelers (SIG), up 2.6%... Tiffany (TIF), up 4.8%... Nuance Communications (NUAN), up 5.1%... Brown Shoe (BWS), up 6.6%... Cracker Barrel (CBRL), up 3.1%... Qihoo 360 (QIHU), up 5.8%... DSW (DSW), up 7.3%. ALSO HIGHER: SinoCoking Coal (SCOK), up 27.9% after aboveground facility operating at 100% capacity. DOWN AFTER EARNINGS: Xcerra (XCRA), down 7.4%... Workday (WDAY), down 8.4%... Brocade (BRCD), down 3.8%... Post (POST), down 7.5%. ALSO LOWER: Wet Seal (WTSL), down 15.8% after announcing that it has not set a timetable for review of strategic and financial alternatives... Medgenics (MDGN), down 11.1% after 5.125M share Spot Secondary priced at $4.10... Pandora (P), down 3.7% after being downgraded to Underperform from Market Perform at FBR Capital... Cyberark Software (CYBR), down 3.7% after receiving multiple downgrades.
November 24, 2014
17:13 EDTPOSTPost Holdings sees one-time reorganization expenses $5M-$6M in 1Q15
On October 9, Post announced it had realigned its organization for fiscal 2015 and now operates three distinct groups: Consumer Brands, Michael Foods and Private Label. The Consumer Brands Group includes the Post Foods cereal and active nutrition brands of the Premier Nutrition and Dymatize businesses, as well as PowerBar and Musashi. The Michael Foods Group includes the Michael Foods egg, potato and cheese businesses as well as the Dakota Growers pasta business. The Private Label Group includes the Golden Boy and American Blanching peanut and tree nut butter and fruit and nut businesses, as well as the cereal, granola and snack businesses of Attune Foods. Post expects to incur one-time expenses between $5M-$6M in 1Q15 associated with this reorganization.
17:10 EDTPOSTPost Holdings sees FY15 Adjusted EBITDA $540M-$580M
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17:02 EDTPOSTPost Holdings reports Q4 adjusted EPS 13c, consensus 7c
Reports Q4 revenue $1.04B, consensus $980.04M.
15:20 EDTPOSTNotable companies reporting after market close
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November 17, 2014
07:21 EDTNSRGYDanone mulls IPO for nutrition unit as sale talks disappoint, Reuters says
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November 14, 2014
05:42 EDTNSRGYNestle to explore strategic options for development of Davigel
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