Post Holdings Announces Termination of Convertible Preferred Stock Offering
November 19 2018 - 3:33PM
Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) announced
that it has terminated its private offering of convertible
preferred stock (the “Preferred Stock”) announced earlier today. As
a result, no shares will be sold pursuant to the offering.
Weak market conditions during the trading day precluded reaching
the terms the Company had established as a condition for issuing
the Preferred Stock. As this was an entirely opportunistic capital
raise, Post management terminated the offering.
The Preferred Stock was offered in the United States to
qualified institutional buyers in an offering exempt from
registration pursuant to Rule 144A under the Securities Act of
1933, as amended (the “Securities Act”). This press release does
not constitute an offer to sell or the solicitation of an offer to
buy any security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering, solicitation or
sale would be unlawful.
Cautionary Statement on Forward-Looking
Language
Forward-looking statements, within the meaning of Section 27A of
the Securities Act and Section 21E of the Securities Exchange Act
of 1934, are made throughout this press release. These
forward-looking statements are sometimes identified from the use of
forward-looking words such as “believe,” “should,” “could,”
“potential,” “continue,” “expect,” “project,” “estimate,”
“predict,” “anticipate,” “aim,” “intend,” “plan,” “forecast,”
“target,” “is likely,” “will,” “can,” “may,” “would” or the
negative of these terms or similar expressions elsewhere in this
release. All forward-looking statements are subject to a number of
important factors, risks, uncertainties and assumptions that could
cause actual results to differ materially from those described in
any forward-looking statements. These factors and risks include,
but are not limited to, unanticipated developments that prevent,
delay or negatively impact the offering and other financial,
operational and legal risks and uncertainties detailed from time to
time in the Company’s cautionary statements contained in its
filings with the Securities and Exchange Commission. These
forward-looking statements represent the Company’s judgment as of
the date of this press release. The Company disclaims, however, any
intent or obligation to update these forward-looking
statements.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a
consumer packaged goods holding company operating in the
center-of-the-store, refrigerated, foodservice, food ingredient,
and active nutrition food categories.
Contact:
Investor RelationsJennifer
Meyerjennifer.meyer@postholdings.com(314) 644-7665
Post (NYSE:POST)
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