BellRing sets $2.97/share cash in spin-off merger; Post to receive $289.5M

BELLRING BRANDS, INC.

Stockholders and Post receive pro rata share of $405M aggregate transaction value.
Expected cash of ~$2.97 per BellRing Class A share in the merger.
Post receives incremental $289.5M from contributions in the transactions.
New BellRing common stock to continue trading as BRBR after completion.
Actual per share amount depends on shares outstanding at merger close.

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