Post Holdings, a consumer packaged goods holding company, announces its board of directors has approved a new $300 million share repurchase authorization, with share repurchases under the new authorization beginning on September 3, 2022. As of September 2, 2022, Post had repurchased approximately $354 million under its previous $400 million share repurchase authorization, which was approved on November 17, 2021, became effective on November 20, 2021 and was canceled effective September 2, 2022.
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.
