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Stock Market & Financial Investment News

News Breaks
August 7, 2014
17:11 EDTPOSTPost Holdings acquires American Blanching Company for $128M in cash
Post Holdings announced it has signed a stock purchase agreement to acquire American Blanching Company. American Blanching is a manufacturer of peanut butter for national brands, private label retail and industrial markets and provides peanut blanching, granulation and roasting services for the commercial peanut industry. On a full year basis, American Blanching is expected to contribute approximately $135M to net sales and approximately $14M-$16M of adjusted EBITDA. Terms of the agreement call for $128M to be paid, on a cash-free, debt-free basis, subject to working capital and other adjustments. The acquisition is expected to be funded from cash on hand. Post anticipates completing the acquisition in 1Q15.
News For POST From The Last 14 Days
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October 21, 2014
10:00 EDTPOSTOn The Fly: Analyst Upgrade Summary
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06:04 EDTPOSTPost Holdings upgraded to Buy from Neutral at Goldman
Goldman upgraded Post Holdings to Buy due to compelling valuation, earnings power, cost cutting initiatives, and expectations for a resumption in M&A. Price target raised to $44 from $42.
October 19, 2014
13:03 EDTPOSTPost Holdings shares look attractive, Barron's says
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October 14, 2014
11:34 EDTPOSTMitsubishi Corp., Post, others vie for Bumble Bee, Bloomberg says
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October 10, 2014
17:03 EDTPOSTPost Holdings names Jeff Zadoks CFO
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October 9, 2014
17:08 EDTPOSTPost Holdings to reorganize into three groups
Post is reorganizing around three distinct groups. Post's newly formed Consumer Brands Group includes the legacy Post Foods cereal operations as well as the recently acquired active nutrition businesses of Premier Nutrition Corporation, Dymatize Enterprises and the PowerBar and Musashi brands. James Holbrook has been named president and CEO of the Consumer Brands Group. The Michael Foods Group is now comprised of the Michael Foods' egg, cheese and potato businesses, which Post acquired in June, and Dakota Growers Pasta Company, acquired in January. It will be headed by James Dwyer, Jr. as president and CEO. Post's remaining businesses, consisting of Golden Boy Foods and Attune Foods, will comprise the Private Label Group. This Group will report directly to CEO Robert Vitale.
17:05 EDTPOSTPost Holdings names Robert Vitale CEO
Robert Vitale has been named Post Holdings' president and CEO. Vitale has served as Post's CFO since its formation in October 2011. William Stiritz, who has served as chairman and CEO since Post separated from Ralcorp Holdings in 2012, will continue with Post's executive team in the newly-created role of executive chairman. Terence Block, currently president and COO, has decided to retire from Post.

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