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Ralcorp to buy Post cereals in $2.6 billion deal

Private-label cereal maker Ralcorp Holdings Inc. said Thursday it will purchase Kraft Foods Inc.’s Post cereals unit, the nation’s third largest with brands like Spoon Size Shredded Wheat and Post Raisin Bran, AP reported. The deal includes Ralcorp stock valued at $1.65 billion. Ralcorp also will assume $950 million in debt, boosting the total deal value to $2.6 billion.

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