- 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.
Toyota Up In Arms Against Tesla’s Groundbreaking Gigacasting Technique In EV Production: Report
Tesla's gigacasting, unlike conventional assembly techniques that necessitate the welding or stamping of several parts, utilizes casting machines to produce sizable aluminum body components.
