Ralcorp completes separation of Post
Feb. 6, 2012
by Eric Schroeder
ST. LOUIS — Ralcorp Holdings, Inc. has completed the previously announced separation of Post Holdings, Inc. through a tax-free spin-off to Ralcorp shareholders. Under terms of the separation, Ralcorp shareholders of record as of the close of business on Jan. 30 received one share of Post common stock for every two shares of Ralcorp common stock held on Jan. 30.
Approximately 34.4 million shares of Post common stock were outstanding immediately following the separation.
“I am excited to announce the completion of this spin-off and the beginning of a new chapter for Ralcorp,” said Kevin hunt, president and chief executive officer. “Going forward, Ralcorp will be able to place even greater focus on expanding our private-brand market positions and driving the best possible performance for our businesses. We believe the separation unlocks value for shareholders and best positions both Ralcorp and Post for future success.”
With the separation, Ralcorp becomes the leading producer of private label brand foods in the United States and a major producer of food service products. The company said it plans to leverage the growth opportunities and advantageous market dynamics in the private label food industry.