m_and_a
confidence high
sentiment neutral
materiality 0.70
Post Holdings to acquire remaining 8th Avenue equity for ~$880M; close expected July 1
Post Holdings, Inc.
- Net payment of ~$880M includes retiring 8th Avenue's debt (first lien, second lien, revolver) and assuming $111M finance leases.
- No cash consideration for Class A or Class C common stock; payment only for Series A Preferred Stock.
- Sellers include THL entities and management; Post already owns 100% of Class B common stock.
- Closing expected July 1, 2025; condition only on receipt of certain deliverables.
- Post will acquire 99.8% of Series A Preferred and Class A Common, and all Class C Common; remaining shares via short-form merger.
item 1.01item 9.01