Previous Close | 94.44 |
Open | 93.68 |
Bid | 0.00 x 800 |
Ask | 0.00 x 800 |
Day's Range | 93.34 - 94.13 |
52 Week Range | 61.68 - 98.84 |
Volume | |
Avg. Volume | 451,521 |
Market Cap | 5.516B |
Beta (5Y Monthly) | 0.63 |
PE Ratio (TTM) | 6.79 |
EPS (TTM) | 13.78 |
Earnings Date | May 03, 2023 - May 08, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 104.38 |
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The deal, which includes the 9Lives, Rachael Ray Nutrish, Gravy Train and other brands, marks the food giant’s entry into the pet-foods market.
(Bloomberg) -- J.M. Smucker Co. said it reached an agreement with Post Holdings Inc. to sell pet-food brands, including Rachael Ray Nutrish and Kibbles ’n Bits, for $1.2 billion. Most Read from BloombergMeta Asks Many Managers to Get Back to Making Things or LeaveGeorge Santos Gets Into Fight With Mitt Romney at State of the Union DebutChinese Balloon Was Part of Years-Long Spying Program, US SaysDeSantis Chides Trump as Republicans’ 2024 Presidential Race Heats UpRussia Will Fail to ‘Break’ Ukr
Post Holdings Inc. (POST) said late Wednesday it has agreed to buy some pet-food brands from J.M. Smucker Co. (SJM) for $1.2 billion. The deal includes “leading” dog and cat food brands such as 9Lives and Kibbles ‘n Bits that generated sales of $1.4 billion in the year ended April 30 as well as manufacturing and distribution plants, Post said. “The acquisition will provide Post with a compelling entry point into the attractive and growing pet food category,” the company said.