M&A
confidence high
sentiment neutral
materiality 0.85
BellRing completes spin-off from Post and merger; new shares trade as BRBR plus $2.97 cash per share
BELLRING BRANDS, INC.
- Post distributed 78,076,841 New BellRing shares (1.267788 per Post share) to its shareholders on March 10, 2022.
- Each Old BellRing share converted into one New BellRing share plus $2.97 cash; Post retains 14.2% of New BellRing.
- New BellRing issued $840M of 7.00% senior notes due 2030 and entered a $250M revolving credit facility, borrowing $109M.
- Post received $289.5M incremental value from contributions related to the transaction.
- New BellRing had 136,362,031 shares outstanding post-transaction; BRBR continues trading on NYSE.