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News Breaks | | | | September 28, 2012 | | 05:26 EDT |  | RAH, POST | Ralcorp Holdings announces sale of stake in Post Holdings
Ralcorp Holdings (RAH) announced that it has agreed to the exchange of its remaining stake in Post Holdings (POST) in settlement of approximately $200M of debt outstanding under the company's credit agreement dated Aug. 30. Ralcorp retained an approximately 20% stake in Post as part of the separation of Post Foods, which was completed on Feb. 6. Ralcorp's CEO Kevin J. Hunt commented: "The proceeds from the transaction will enhance our ability to execute against our growth through acquisition strategy, allowing us to continue to create significant shareholder value. With the resolution of our Post stake, the consolidation of three private brand units into our new Ralcorp Center Store business and our ongoing cost reduction efforts, Ralcorp is well positioned to execute against our strategic plan and continue to deliver long-term sustainable growth." | |
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News For RAH;POST From The Last 14 Days Check below for free stories on RAH;POST the last two weeks. |
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| May 13, 2013 | | 15:27 EDT |  | POST | Notable companies reporting after market close
 Subscribe for More Information | | | 08:31 EDT | | POST | Post Holdings sees FY13 adjusted EBITDA $216M-$225M
Subscribe for More Information | | | 08:31 EDT | | POST | Post Holdings reports Q2 adjusted EPS 19c, consensus 27c
Reports Q2 revenue $248.2M, consensus $255.73M | | | May 9, 2013 | | 08:56 EDT | | POST | Post Holdings to acquire cereal, granola, snacks business of Hearthside Food
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