Brief: Post Holdings To Acquire Rachael Ray® Nutrish®, Nature’s Recipe® And Other Select Pet Food Brands From The J.M. Smucker Co.

Post Holdings

08/02/2023 23:29

Feb 8 (Reuters) - Post Holdings Inc  POST.N :
    * POST HOLDINGS TO ACQUIRE RACHAEL RAY® NUTRISH®, NATURE’S
RECIPE®
AND OTHER SELECT PET FOOD BRANDS FROM THE J.M. SMUCKER CO.
    * POST HOLDINGS INC - PROPOSED DEAL FOR IMMEDIATELY
ACCRETIVE TO
POST'S CASH FLOW EXCLUDING ONE-TIME TRANSACTION COSTS
    * POST HOLDINGS INC - UPON CLOSING OF ACQUISITION, POST
EXPECTS TO
CREATE A NEW PET FOOD PLATFORM WITHIN POST CONSUMER BRANDS
    * POST HOLDINGS INC - NICOLAS CATOGGIO WILL CONTINUE IN HIS
CURRENT ROLE AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF POST
CONSUMER BRANDS
    * POST HOLDINGS INC - POST MANAGEMENT EXPECTS THERE TO BE
ADDITIONAL OPPORTUNITIES FOR FUTURE INVESTMENTS IN PET FOOD
CATEGORY
    * POST HOLDINGS - EXPECTS TO FUND CASH PORTION OF PURCHASE
PRICE
WITH  COMBINATION OF CASH ON HAND & BORROWINGS UNDER ITS 
REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nGNXBqqMY 
Further company coverage:  POST.N 
 ((Reuters.Briefs@thomsonreuters.com;))