Home / Today's Top Stories / Ralcorp to buy Post cereals in $2.6 billion deal

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.

x

Check Also

Harbor House sitting area (Photo by Velvet Spicer)

Harbor House provides respite for patients’ families (access required)

Joan Malley likes to say Harbor House of Rochester Inc. doesn’t do charity, it does “fair-ity.” That’s because the nonprofit—which ...

pierre-dupont-e1568404154256

Experts on family business coming for Sept. 24 symposium (access required)

While almost 70 percent of family-owned businesses want to pass the company onto the next generation, only about 30 percent ...