Post Holdings (POST) has completed the previously announced acquisition of select pet food brands from The J.M. Smucker Co. (SJM), effective April 28, 2023. The purchase was funded with cash on hand, certain proceeds from the previously announced incremental term loan facility and approximately 5.4M new shares of Post common stock issued to The J.M. Smucker Co.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on POST:
- Post Holdings Completes Acquisition of Rachael Ray® Nutrish®, Nature’s Recipe® and Other Select Pet Food Brands
- Post Holdings’ Michael Foods Business Announces Expansion of Norwalk, Iowa Manufacturing Facility
- Post Holdings Schedules Second Quarter Fiscal Year 2023 Conference Call
- Post Holdings resumed with a Buy at Stifel