Post Holdings (POST) Approves New $400M Buyback Program

(Updated - December 6, 2019 8:01 AM EST)

Post Holdings, Inc. (NYSE: POST), a consumer packaged goods holding company, today announced its Board of Directors has approved a new $400 million share repurchase authorization, with share repurchases under the new authorization beginning on December 6, 2019. As of December 5, 2019, Post had repurchased approximately $252 million under its previous $400 million stock repurchase authorization, which was approved on September 4, 2019 and was cancelled effective December 5, 2019.

Repurchases may be made from time to time in the open market, in private purchases, through forward, derivative, accelerated repurchase or automatic purchase transactions, or otherwise. The shares would be repurchased with cash on hand and cash from operations. Any shares repurchased would be held as treasury stock. The authorization does not, however, obligate Post to acquire any particular amount of shares, and repurchases may be suspended or terminated at any time at Post’s discretion.

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