Tag Archives: rah

Mario Gabelli Loves Spinoffs, Picks Several For 2013 Barron’s Roundtable

Twice a year, Barron’s gathers some of the top minds in the industry for a roundtable discussion on the worldwide investment environment and economic outlook. This year’s panel included the same regulars as usual, financial titans all,  PIMCO’s Bill Gross, uber-bull Abby Joseph Cohen, GAMCO Investor’s (GBL) Mario Gabelli and Felix Zulauf. In addition to pontificating on the… Read More »

You Can Spin But You Can’t Hide: ConAgra Finally Snags Ralcorp

‘If at first you don’t succeed, wait for a spinoff then try, try again’ Not how I remember it either, but that seems to have been ConAgra’s (CAG) approach in its pursuit of Ralcorp (RAH). After three prior takeover attempts were rebuffed, the company finally succeeded in reeling in its prey for the tidy sum of $90 per… Read More »

Post Holdings To Join S&P MidCap 400 Index

S&P announced that, as of the close of trading on February 6, Post Holdings(POST) will join its former parent, Ralcorp(RAH) in the S&P MidCap 400 Index. Post will replace Comstock Resources(CRK) which will be moving to the smallcap index. Post will be distributed to shareholders of Ralcorp at the close of trading on February 3. Disclosure: The author… Read More »

As Post Begins Trading When Issued,No Free Toy In This Cereal Box

Post Cereals(POST) began trading today on a when issued basis.  Currently, it’s settled in around $26.50 with a range of $22.75 to $27.50.  But what is it actually worth? One share of Post stock will be distributed on February 3 to for every 2 shares owned of Ralcorp(RAH) as of January 30, so those who buy Ralcorp today… Read More »

Ralcorp Sets Dates, Ratio For Post Spin

Ralcorp’s(RAH) spinoff of Post(POST) is finally coming into view.  Ralcorp announcedthis morning that Post shares will be distributed on February 3 to Ralcorp shareholders of record as of January 30.  Investors will receive 1 Post share for every 2 shares of Ralcorp they own.  Approximately 34.5 million Post shares will be outstanding following the distribution.  Post shares are… Read More »

Ralcorp Still Posting Post Spin At End Of January, Announces New Boards Of Directors

We’ve previously discussed Ralcorp’s(RAH) plans to spin off Post Cereal(POST) here, here and when it was announced in July.  The company issued a press release yesterday, reiterating that it is on track for completion at the end of January, and announcing the Boards of Directors for each company. Brief biographies as provided by Ralcorp: The following are brief biographies of… Read More »

Ralcorp Buys Post, 4 Years Later Spins It Off, Forgets To Admit Failure

Our friends over at My Investing Notebook recently dug up Ralcorp’s(RAH) comments from its 2007 acquisition of Post Cereals, and compared them to its comments regarding this month’s spin off of Post(POST) as an independent company. We were salivating to buy the stock based on the mouth-watering descriptions of future profits to be had as a result of… both… Read More »

Ralcorp Announces A Few More Details On Post Spinoff

It’s been nearly 6 months since Ralcorp(RAH) announced plans to spin off Post Holdings and not much has changed.  The interest that had been expressed by Conagra(CAG) never materialized into a transaction as Ralcorp management continued to reject buyout offers. Today, the company took the mildly unusual step of issuing a press release noting that it has amended… Read More »

Ralcorp Posts Another Hit In Its Serial Spin Parade

Ending a short-lived marriage, Ralcorp(RAH) announced plans today to spin off its Post Cereals business as an independent company.  The company hopes to complete the spinoff in the next 4 to 6 months.  Ralcorp. which itself was spun out of Ralston Purina in 1994, purchased the Post Brands from Kraft(KFT) in August 2008. Ralcorp, which will continue to… Read More »