Post Holdings to Acquire Rachael Ray® Nutrish®, Nature's Recipe® and Other Select Pet Food Brands from The J.M. Smucker Co.
Benzinga
FEBRUARY 8, 2023
The transaction is expected to be leverage neutral; upon closing of the transaction, Post's pro forma net leverage ratio* is expected to be approximately 5.2x. Additionally, Post expects the transaction to result in a tax benefit to Post with a net present value of approximately $120 million.
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