date:Apr 17, 2014
Cereal maker Post Holdings Inc (POST.N) is close to a deal to acquire eggs and dairy producer and distributor Michael Foods Group Inc for $2.5 billion, prevailing over a rival bid from Tyson Foods Inc (TSN.N), said a person familiar with the matter.
The deal is set to make Post Holdings a major player in the protein market, as healthy food options gain in popularity among consumers. Reuters first reported last week that Post Holdings and Tyson Foods were the final bidders for Michael Foods.
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