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$POST {{ '2017-04-18T14:22:04+0000' | timeago}} • Announcement

$POST agreed to buy Weetabix Ltd. The company expects Weetabix to contribute about GBP120MM of adjusted EBITDA on an annual basis. The transaction is expected to be immediately accretive to $POST's Adjusted EBITDA margins and free cash flow, excluding one-time transaction expenses.

$POST {{ '2018-01-10T15:23:08+0000' | timeago}} • Announcement

$POST give notice for the redemption of all outstanding shares of its 3.75% Series B cumulative perpetual convertible preferred stock (CPCPS). The BoD also declared a quarterly dividend of $0.9375 per share on Series B stock for the period Nov. 15, 2017 to Feb. 14, 2018. The BoD also declared a dividend of $0.625 per share on 2.5% Series C CPCPS.

$POST {{ '2017-12-05T15:47:49+0000' | timeago}} • Announcement

$POST and $BOBE said that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to $POST proposed acquisition of Bob Evans expired on Dec. 4, 2017. The expiration of the waiting period satisfies one of the closing conditions of the transaction. The transaction will close in January 2018.

$POST {{ '2017-09-19T17:30:34+0000' | timeago}} • Announcement

$POST announced that it will acquire $BOBE for $77.00 per share, at an equity value of $1.5Bil. Jim Dwyer will continue in his current role as President and CEO of the Michael Foods Group. Post management expects Bob Evans to contribute approximately $107MM of adjusted EBITDA on an annual basis.

$BOBE {{ '2017-09-19T16:38:36+0000' | timeago}} • Announcement

Rowley Law PLLC is investigating potential claims against $BOBE and its BoD for breach of fiduciary duty concerning the proposed acquisition of the company by $POST for $77.00 per share in cash. The transaction is valued at about $1.5Bil and is expected to close in the calendar 1Q18.

$POST {{ '2017-08-02T15:39:51+0000' | timeago}} • Announcement

$POST announced that Ellen Harshman, dean emeritus of the John Cook School of Business at Saint Louis University, has been appointed to the Board of Directors and the audit committee, effective October 1, 2017.

$POST {{ '2017-07-03T15:04:18+0000' | timeago}} • Announcement

Packaged goods holding company $POST has completed the acquisition of UK-based ready-to-eat cereal company Weetabix Ltd., effective July 3, 2017. The transaction was funded with cash on hand and partial proceeds from the company’s $1Bil incremental term loan.

$POST {{ '2017-06-08T12:14:15+0000' | timeago}} • Announcement

$POST Board has approved an additional $250MM share repurchase authorization. Any repurchases under this additional authorization would occur over a two-year period starting June 6, 2017. There was approx $48MM remaining as of May 31, 2017 under the previous authorization.

$POST {{ '2017-06-07T12:49:47+0000' | timeago}} • Announcement

$POST announced results of its cash tender offers and consent solicitations for any and all of its 7.75% senior notes due 2024, having an outstanding of $800MM, and any and all of its 8% senior notes due 2025, having an outstanding of $400MM. The tender offers expired at June 5, 2017.

$POST {{ '2017-05-22T15:00:43+0000' | timeago}} • Announcement

$POST announced early tender results on May 19, 2017 for its cash tender offers and consent solicitations for its 7.75% senior notes due 2024, having an aggregate outstanding principal amount of $800MM, and its 8.00% senior notes due 2025, having an aggregate outstanding principal amount of $400MM.

$POST {{ '2017-04-18T14:23:03+0000' | timeago}} • Announcement

$POST agreed to buy Weetabix Ltd. $POST expects to fund acquisition with cash on hand and through borrowings under its existing revolving credit facility and/or a new senior secured term loan facility. $POST affirmed its FY17 adjusted EBITDA guidance of $920-950MM, excluding any contribution from Weetabix.

$POST {{ '2017-04-18T14:22:04+0000' | timeago}} • Announcement

$POST agreed to buy Weetabix Ltd. The company expects Weetabix to contribute about GBP120MM of adjusted EBITDA on an annual basis. The transaction is expected to be immediately accretive to $POST's Adjusted EBITDA margins and free cash flow, excluding one-time transaction expenses.

$POST {{ '2017-04-18T14:18:46+0000' | timeago}} • Announcement

$POST agreed to buy Weetabix Ltd. from Shanghai based state owned enterprise Bright Food Group and an investment fund advised by Baring Private Equity Asia for GBP1.4Bil on a cash free, debt free basis. The transaction is expected to be completed in $POST's 4Q16.

$POST {{ '2017-02-07T14:05:40+0000' | timeago}} • Announcement

$POST priced $1Bil of 5.50% senior notes due 2025 at par and $750MM of 5.75% senior notes due 2027 at par. The $1.75Bil of the Notes represented an increase from the original offering size of $1.5Bil. The Notes offering is expected to close on Feb. 14, 2017.

$POST {{ '2017-02-06T16:57:09+0000' | timeago}} • Announcement

$POST plans to commence a private offering to eligible purchasers of $1.5Bil in aggregate of senior notes due 2025 and senior notes due 2027. The Notes will be unsecured unsubordinated obligations of the company and will be guaranteed by the company's domestic subsidiaries.

$POST {{ '2017-02-03T13:43:36+0000' | timeago}} • Announcement

During 1Q17, $POST repurchased 1.7MM shares under its share repurchase authorization for $133.1MM at an average price of $76.32 per share.

$POST {{ '2017-02-03T13:42:24+0000' | timeago}} • Announcement

$POST Consumer Brands segments reported 1Q17 net sales of $420.6MM, up 2.2% compared to 1Q16, with 0.5% decline in volumes. Michael Foods groups reported net sales of $539.8MM, down 7.9% over the reported prior year period.

$POST {{ '2017-02-03T13:38:15+0000' | timeago}} • Announcement

Consumer packaged goods holding company $POST 1Q17 net earnings available to common shareholders rose to $94.2MM, or $1.22 per share compared to $10.5MM, or $0.15 per share during 1Q16. Net sales during the quarter was $1.24Bil. Excluding items, $POST earned $0.62 per share during 1Q17.

$POST {{ '2016-12-09T12:25:58+0000' | timeago}} • Announcement

$POST reached an agreement to settle all class claims against Michael Foods Inc. in In re Processed Egg Products Antitrust Litigation, a class action lawsuit filed in 2008 in federal court in the Eastern District of Pennsylvania. Michael Foods will settle all class claims with $75MM payment. $POST expects to record a pre-tax charge in 1Q17.

$POST {{ '2016-11-18T15:55:13+0000' | timeago}} • Webcast

$POST reported that it met the target of $50MM in synergies at the end of FY16 by combining Post and MOM business. Earlier in May 2015, the company completed the acquisition of MOM Brands Company.

$POST {{ '2016-11-18T15:08:00+0000' | timeago}} • Webcast

For FY17, $POST plans to invest $180-200MM in capital expenditures. This includes $60-70MM related to growth activities.

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