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Post Holdings Forms SPAC In Hopes Of Acquiring A Food Company

February 12, 2021: 12:00 AM EST
Cereal maker Post Holdings is the latest company to launch a special purpose acquisition company (SPAC), a way to bring a private company public more quickly and with fewer disclosures than a traditional IPO. Post is trying to raise $400 million for its SPAC, a Post Holdings subsidiary managed by its executive team, that will acquire a company in the consumer products industry. In a press release, the company said its Post Holdings Partnering Corporation “intends to partner with a company in the consumer products industry that complements the experience and expertise of Post's management team and is a business to which Post's management believes it can add value." Food brands expected to go public in the future that Post could target include Chobani, Just Eat, and Impossible Foods.
Matthew Fox, "Cereal maker Post Holdings to launch $400 million SPAC as more corporations warm to the blank-check listings", The Business Insider, February 12, 2021, © Insider Inc.
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