Ralcorp's (RAH) board clears its plan to separate its Post Foods subsidiary and will distribute...

|By:, SA News Editor

Ralcorp's (RAH) board clears its plan to separate its Post Foods subsidiary and will distribute at least 80% of the unit's shares to holders. Shares of Post, which produces branded cereals, private-label foods for various retailers, and frozen baked goods for stores, restaurants and food-service firms, will trade under the symbol POST.