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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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June 30, 2015
10:50 EDTPOSTTreeHouse, Post rise after ConAgra plans exit from private brands
Two food companies, TreeHouse Foods (THS) and Post Holdings (POST), are trading higher after peer ConAgra (CAG) announced plans to exit its private brands operations. According to a Reuters report from earlier, KeyBanc Capital Markets analyst Akshay Jagdale mentioned in a note that TreeHouse and Post could be potential acquirers of the ConAgra division. Shares of Post Holdings rose 2.8% and Treehouse Foods advanced 9% in morning trading.

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