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Post's move on Michael Foods reflects 'rare opportunity'
date:Apr 22, 2014
ation, high accretion to e.p.s. (earnings per share), Mr. Vitale said. And we believe the combination of Post and Michael will allow for $10 million in synergies. I want to stress that those synergies are resulting from procurement scale, not from integration within Post because we do view this as a stand-alone opportunity to grow around Michael, not an opportunity to integrate it into Post.

Mr. Vitale said Post expects Michael Foods EBITDA for calendar 2014 to be between $255 million and $270

12/23 21:39