Post Holdings to buy Michael Foods for $2.45 bln

April 17 Thu Apr 17, 2014 6:09am EDT

April 17 (Reuters) - Cereal maker Post Holdings Inc said it will buy Michael Foods Inc for $2.45 billion to expand in the away-from-home breakfast business.

Post said it will acquire the business from affiliates of GS Capital, Thomas H. Lee partners, and other owners and expects the deal to add to earnings per share, excluding transaction costs. (Reporting by Siddharth Cavale in Bangalore; Editing by Joyjeet Das)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.