Post Forks Over $180M To Acquire Protein Drink Co.

Law360, New York (August 2, 2013, 1:59 PM EDT) -- Post Holdings Inc. will swallow up protein food and beverage company Premier Nutrition Corp. in a $180 million deal that extends the cereal maker's repertoire into the fast-growing, popular supplements and nutrition segment, the St. Louis company said Friday.

Under the deal's terms, Post will fork over the entire consideration in cash when the deal closes, expected next month. The cereal mainstay will absorb PNC through a reverse subsidiary merger, meaning it will assume PNC's net operating loss carryforwards and latch onto other tax benefits worth...
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