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

Ralcorp Holdings Inc. (RAH: Quote) 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.

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by RTT Staff Writer

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Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months. Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.
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