- 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