Post to acquire MOM Brands

Post Holdings announced Monday that it has agreed to acquire rival MOM Brands Co. for $1.15 billion ($1.05 billion in cash and $100 million in stock).

MOM markets ready-to-eat and hot cereals, including Malt-O-Meal brand RTE cereals, such as Frosted Mini Spooners and Golden Puffs.

TAGS: Center Store
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