date:Apr 17, 2014
ws of Post Holdings winning the auction for Michael Foods, which was first reported by the Wall Street Journal earlier on Wednesday, drove the company's shares up 6 percent, giving it a market value of around $2.1 billion.
Goldman Sachs Group Inc's (GS.N) private equity arm bought Michael Foods from buyout firm Thomas H. Lee Partners LP in 2010 for around $1.7 billion. Thomas H. Lee retained an ownership stake of about 20 percent as part of that transaction.
The source asked not to be identifi