logo
Share SHARE
FONT-SIZE Plus   Neg

Ralcorp Commences Senior Notes Offering Of $775 Mln Of Subsidiary Post Holdings

Ralcorp Holdings Inc. (RAH) Friday said it commenced the offering of $775 million aggregate principal amount of senior notes due 2022 of Ralcorp's subsidiary, Post Holdings Inc.

Post is the new holding company for Ralcorp's branded cereals business, which, Ralcorp intends to distribute to its shareholders in a tax free spin-off.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Goldman Sachs downgraded the rating of retailer Target Corp. Thursday to sell from neutral over concerns about its increasing competition with e-commerce giant Amazon.com Inc. Target's price target was reduced to $67 from $77. It is expected that the retailer's efforts to compete with Amazon will result in sluggish sales and profits. Catabasis' phase II trial of Edasalonexent in boys affected by Duchenne muscular dystrophy is ongoing, and top-line results are anticipated in the first half of Q1 2017. American Express Co. (AXP) Thursday reported a drop in fourth-quarter profit, as revenues declined 4 percent due to absence of Costco portfolio while provisions for bad loans and marketing costs increased. Earnings fell short of Wall Street estimates, while revenues trumped expectations. New York-based...
comments powered by Disqus
Follow RTT