date:Sep 28, 2012
e proceeds from the deal will help the company to pursue growth through acquisition strategy, allowing it to create significant shareholder value.
With the agreement to divest Post stake, and the ongoing cost reduction efforts, Ralcorp is well positioned to implement its strategic plan and continue to deliver long-term sustainable growth, Hunt added.
Post produces breakfast cereals under brands such as Honey Bunches of Oats, Raisin Bran and Pebbles.
In July, Ralcorp initiated a restructuring