Post Holdings Announces New Share Repurchase Authorization of $400 Million
December 06 2019 - 08:00AM
Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding
company, today announced its Board of Directors has approved a new
$400 million share repurchase authorization, with share repurchases
under the new authorization beginning on December 6, 2019. As of
December 5, 2019, Post had repurchased approximately $252 million
under its previous $400 million stock repurchase authorization,
which was approved on September 4, 2019 and was cancelled effective
December 5, 2019.
Repurchases may be made from time to time in the open market, in
private purchases, through forward, derivative, accelerated
repurchase or automatic purchase transactions, or otherwise. The
shares would be repurchased with cash on hand and cash from
operations. Any shares repurchased would be held as treasury stock.
The authorization does not, however, obligate Post to acquire any
particular amount of shares, and repurchases may be suspended or
terminated at any time at Post’s discretion.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a
consumer packaged goods holding company operating in the
center-of-the-store, refrigerated, foodservice, food ingredient and
convenient nutrition food categories. Through its Post Consumer
Brands business, Post is a leader in the North American
ready-to-eat cereal category offering a broad portfolio including
recognized brands such as Honey Bunches of Oats®, Pebbles™, Great
Grains® and Malt-O-Meal® bag cereal. Post also is a leader in the
United Kingdom ready-to-eat cereal category with the iconic
Weetabix® brand. As a leader in refrigerated foods, Post delivers
innovative, value-added egg and refrigerated potato products to the
foodservice channel and the retail refrigerated side dish category,
offering side dishes and egg, sausage and cheese products through
the Bob Evans®, Simply Potatoes®, Better’n Eggs® and Crystal Farms®
brands. Post’s publicly-traded subsidiary BellRing Brands, Inc. is
a holding company operating in the global convenient nutrition
category through its primary brands of Premier Protein®, Dymatize®
and PowerBar®. Post participates in the private brand food category
through its investment with Thomas H. Lee Partners in 8th Avenue
Food & Provisions, Inc., a leading, private brand centric,
consumer products holding company. For more information, visit
www.postholdings.com.
Contact:Investor RelationsJennifer Meyer
jennifer.meyer@postholdings.com (314) 644-7665
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