Post Raises $568 Million for Michael Foods Acquisition

Post Holdings Inc. closed stock and unit offerings that raised a combined $568.3 million to help the St. Louis-based company cover the costs of acquiring Michael Foods. The common stock offering netted $289.9 million after Post paid commission expenses.

Post-Plant

The company also closed a unit offering with Barclays Capital Inc, which netted $278.4 million after commission expenses, on Wednesday. Post, led by CEO Bill Stiritz, said last month it was buying Michael Foods for $2.45 billion.

Read more from The St. Louis Business Journal   


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