Post Holdings, Inc. (POST): M&A transaction — Post Holdings completes $700M+stock acquisition of Smucker's pet food brands (Rachael Ray Nutrish, etc.)

Post Holdings, Inc.

Acquired Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits, Gravy Train brands and private label pet food assets.
Consideration: $700M cash plus ~5.4M newly issued POST shares (5,390,254) to Smucker.
Acquired manufacturing facilities in Bloomsburg PA (distribution+manufacturing), Meadville PA, and Lawrence KS.
Registration Rights Agreement grants Smucker resale rights and restricts further share purchases until April 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Post Holdings, Inc. completed an acquisition involving The J. M. Smucker Company for $700.0 million, subject to inventory adjustments, in cash, and issued to Smucker the Smucker Shares (closed 2023-04-28).

Action: acquisition
Counterparty: The J. M. Smucker Company
Consideration: $700.0 million, subject to inventory adjustments, in cash, and issued to Smucker the Smucker Shares
Closing: 2023-04-28

Exact text from the filing

located in Bloomsburg, Pennsylvania and manufacturing facilities located in Meadville, Pennsylvania and Lawrence, Kansas. Upon completion of the Transaction, Post paid Smucker $700.0 million, subject to inventory adjustments, in cash, and issued to Smucker the Smucker Shares. Also, in connection with the consummation of the Transaction, the parties entered into

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Post Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001530950-23-000114

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