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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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