5/20/2011

Ralcorp Holdings is said to be trying to sell its Post cereal division, shopping it around to companies including General Mills, PepsiCo, Kellogg and B&G Foods. Sources say the company, which recently staved off a takeover bid from ConAgra, is asking $2 billion for the division, which generated about $1 billion in 2010 on overall Ralcorp sales of $4 billion.

Full Story:
Bloomberg

Related Summaries