Post Holdings, Inc. (NYSE:POST) (“Post”) announced that its active
nutrition business will be named BellRing Brands, Inc. (“BellRing”)
following the completion of the previously announced proposed
initial public offering (“IPO”) of approximately 20% of its
ownership.
Post also announced that BellRing has publicly filed a
registration statement on Form S-1 with the Securities and Exchange
Commission (the “SEC”) related to BellRing’s proposed IPO of its
Class A common stock. The number of shares of Class A common stock
to be offered and the price range for the proposed offering have
not yet been determined. The IPO is expected to be completed in the
fall of 2019, subject to market and other conditions. BellRing has
applied for its Class A common stock to be listed on the New York
Stock Exchange under the symbol “BRBR”.
Morgan Stanley & Co. LLC, Citigroup, J.P. Morgan Securities
LLC and Goldman Sachs & Co. LLC are acting as the lead
bookrunning managers for the proposed offering. BofA Merrill Lynch,
Barclays Capital Inc., BMO Capital Markets Corp., Credit Suisse
Securities (USA) LLC, Evercore Group L.L.C., Stifel, Nicolaus &
Company, Incorporated, SunTrust Robinson Humphrey, Inc. and Wells
Fargo Securities, LLC are acting as bookrunning managers. HSBC
Securities (USA) Inc., Nomura Securities International, Inc., PNC
Capital Markets LLC, Rabo Securities USA, Inc. and UBS Securities
LLC are acting as co-managers for the proposed offering.
This offering will be made only by means of a prospectus. A copy
of the preliminary prospectus, when available, may be obtained from
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, Second Floor, New York, New York 10014; Citigroup
Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Ave., Edgewood, NY 11717, or by telephone at (800) 831-9146;
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at
(866) 803-9204, or by email at prospectus-eq_fi@jpmchase.com; or
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, NY 10282, or by telephone at (866) 471-2526,
or by email at prospectus-ny@ny.email.gs.com.
There can be no assurance the public filing of a registration
statement on Form S-1 will result in any transaction or other
action by Post. Post does not intend to comment on or provide
updates regarding these matters unless and until it determines that
further disclosure is appropriate or required based on the
then-current facts and circumstances.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offering, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
jurisdiction.
Forward Looking Statements
Certain matters discussed in this press release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on the current expectations and assumptions of
Post and are subject to uncertainty and changes in circumstances.
These forward-looking statements include, among others, statements
regarding the IPO of BellRing. There is no assurance that the IPO
of BellRing will occur and there are a number of risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements made herein. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see Post’s filings with the SEC, including, but not
limited to, the risk factors set forth in its most recent Form
10-K, and any updates to such risk factors contained in subsequent
Forms 10-Q or Forms 8-K. These forward-looking statements represent
Post’s judgment as of the date of this press release. Post
disclaims, however, any intent or obligation to update these
forward-looking statements.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a
consumer packaged goods holding company operating in the
center-of-the-store, refrigerated, foodservice, food ingredient and
convenient nutrition food categories. Through its Post Consumer
Brands business, Post is a leader in the North American
ready-to-eat cereal category offering a broad portfolio including
recognized brands such as Honey Bunches of Oats®, Pebbles™, Great
Grains® and Malt-O-Meal® bag cereal as well as private label
products. Post also is a leader in the United Kingdom ready-to-eat
cereal category with the iconic Weetabix® brand. As a leader in
refrigerated foods, Post delivers innovative, value-added egg and
refrigerated potato products to the foodservice channel and the
retail refrigerated side dish category, offering side dishes and
egg, sausage and cheese products through the Bob Evans®, Simply
Potatoes®, All Whites®, Better’n Eggs® and Crystal Farms® brands.
Post’s convenient nutrition platform, BellRing Brands, will be a
holding company operating in the global convenient nutrition
category through its primary brands of Premier Protein®, PowerBar®
and Dymatize®. Post participates in the private brand food category
through its investment with Thomas H. Lee Partners in 8th Avenue
Food & Provisions, a leading, private brand centric, consumer
products holding company.
About BellRing Brands, Inc.
BellRing Brands, Inc. will be a holding company operating in the
global convenient nutrition category. Its primary brands, Premier
Protein®, Dymatize® and PowerBar®, comprise all major product
forms, including ready-to-drink protein shakes, powders and
nutrition bars, and are distributed across channels including club,
food, drug, mass, eCommerce, convenience and specialty.
Contact:Investor RelationsJennifer Meyer
jennifer.meyer@postholdings.com (314) 644-7665
Media RelationsLisa Hanlylisa.hanly@postholdings.com(314)
665-3180
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