ST. LOUIS, June 07, 2017 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a shopper packaged items holding firm, at the moment introduced its Board of Directors has accredited a further $250 million share repurchase authorization. Any repurchases underneath this extra authorization would happen over a two yr interval starting on June 6, 2017. This authorization is along with the earlier authorization, which was accredited on February 2, 2016 for as much as $300 million of share repurchases over two years. There was roughly $48 million remaining as of May 31, 2017 underneath the earlier authorization.
Repurchases could also be made on occasion within the open market, personal purchases, by means of ahead, by-product, accelerated repurchase or automated buy transactions, or in any other case. The shares can be bought with money available and money from operations. Any shares repurchased can be held as treasury inventory. The authorization doesn’t, nevertheless, obligate Post to accumulate any specific quantity of shares, and repurchases could also 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 shopper packaged items holding firm working within the middle-of-the-retailer, foodservice, food ingredient, personal label, refrigerated and lively nutrition food classes. Through its Post Consumer Brands enterprise, Post is a pacesetter within the prepared-to-eat cereal class and gives a broad portfolio that features acknowledged manufacturers corresponding to Honey Bunches of Oats®, Pebbles™, Great Grains®, Grape-Nuts®, Honeycomb®, Frosted Mini Spooners®, Golden Puffs®, Cinnamon Toasters®, Fruity Dyno-Bites®, Cocoa Dyno-Bites®, Berry Colossal Crunch® and Malt-O-Meal® scorching wheat cereal. Post’s Michael Foods Group provides worth-added egg merchandise, refrigerated potato merchandise, cheese and different dairy case merchandise and dry pasta merchandise to the foodservice, food ingredient and personal label retail channels and markets retail manufacturers together with All Whites®, Better’n Eggs®, Simply Potatoes® and Crystal Farms®. Post’s Active Nutrition platform aids shoppers in adopting more healthy life by way of manufacturers similar to PowerBar®, Premier Protein® and Dymatize®. Post’s Private Brands Group manufactures personal label peanut butter and different nut butters, dried fruits, baking and snacking nuts, cereal and granola. For extra info, go to www.postholdings.com.
Contact: Investor Relations Brad Harperbrad.firstname.lastname@example.org (314) 644-7626
Source: Post Holdings, Inc.