Post Holdings announces sale of Pasta business; share repurchase authorization of $500M

* Post Holdings (NYSE:POST [https://seekingalpha.com/symbol/POST]) said on Friday that it has entered into a definitive agreement [https://seekingalpha.com/pr/20215920-post-holdings-announces-sale-of-pasta-business-new-share-repurchase-authorization-of-500] to sell the pasta business of 8th Avenue Food & Provisions to Richardson Holdings Limited.
* In the transaction, Richardson will pay $375M in cash and assume approximately $80M in leaseback financial liabilities.
* Post acquired 8th Avenue on July 1, 2025, and after this transaction will retain 8th Avenue's nut butters, fruit, and nut products and granola businesses which are expected to be integrated into the Post Consumer Brands segment.
* Post expects that the nut butters, fruit, and nut products and granola businesses will contribute approximately $45-50M in adjusted EBITDA in fiscal year 2026 before the realization of cost synergies, which Post management expects to be at an annual run rate of approximately $15M by the end of fiscal year 2026.
* On August 27, 2025, Post's board approved a new $500M share repurchase authorization.

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