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Stiritz adds PowerBar and Musashi to Post stable

Feb. 03, 2014 7:29 AM ETHerbalife Ltd. (HLF) StockBy: Stephen Alpher, SA News Editor3 Comments
  • Maybe boosting speculation about Bill Stiritz's plans for Herbalife (NYSE:HLF), Post Holdings (POST) expands its efforts in the active nutrition area with the acquisitions of the PowerBar and Musashi brands from Nestle (OTCPK:NSRGY).
  • Combining these products with Post's existing portfolio to form a Active Nutrition Group, Post expects the unit will have annualized revenue near $550M.
  • It should be noted, Stiritz's holdings of Herbalife are strictly as a private investor.
  • Press release
  • From Barron's Roundtable: Gabelli says Stiritz to do for Post what he did for Ralston Purina.
  • Earlier: HLF ups guidance and buyback
  • HLF +3.3% premarket

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