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UPDATE 1-Post Holdings to buy cereal maker MOM Brands for about $1.15 bln

2015-01-26 16:34:11| Food - Topix.net

Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories. Post, the maker of Raisin Bran and Honey Bunches of Oats, will pay $1.05 billion in cash and issue 2.5 million shares to the owners of MOM Brands.

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