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The potential purchase signals renewed dealmaking activity as investor pressure has mounted on Merck to secure new assets, especially as its blockbuster cancer drug Keytruda faces patent expiration as early as 2028. That means brands like Ronzoni pasta will go back into Post’s pantry.
Including the Company's pro-rata share of joint venture cash and debt of $4.5 million, respectively, results in a third quarter 2022 netdebt to annualized adjusted EBITDA ratio of 7.0x. million of undrawn forward equity, the netdebt to annualized adjusted EBITDA ratio would be 6.0x. million and $53.7
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