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Post Holdings Adopts New $300M Share Buyback Program

Post Holdings Inc (NYSE:POST) said its Board of Directors had approved a new $300 million share repurchase authorization. As of September…
byShivani Kumaresan
September 6, 2022
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  • Post Holdings Inc (NYSE:POST) said its Board of Directors had approved a new $300 million share repurchase authorization.
  • As of September 2, 2022, Post had repurchased approximately $354 million under its previous $400 million share repurchase authorization.
  • The previous authorization was approved on November 17, 2021, became effective on November 20, 2021, and was canceled effective September 2, 2022.
  • The shares would be repurchased with cash on hand and cash from operations.
  • Post held $263.5 million in cash and equivalents as of June 30, 2022.
  • Price Action: POST shares traded lower by 0.50% at $87.25 on the last check Tuesday.
 
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