| (AFX UK Focus) 2007-11-15 12:45 GMT: Ralcorp to acquire Post Cereals from Kraft Foods in $2.6B deal, including debt
NEW YORK (Thomson Financial) - Ralcorp Holdings Thursday said it's agreed to acquire Post Cereals, whose brands include 'Honey Bunches of Oats,' 'Grape Nuts' and 'Pebbles,' from Kraft Foods in a deal worth about $2.6 billion, including debt assumption. Ralcorp said the transaction calls for Kraft to distribute Post and its related assets to its shareholders in either a split-off or spin-off transaction. Following completion of the transaction, current Ralcorp shareholders would hold 46% of the combined company. Current Kraft shareholders would own the remaining 54% of the combined company. The deal calls for the issuance and assumption of about $950 million in debt. Including the value of the Ralcorp stock issued, the transaction is worth about $2.6 billion. The companies expect the transaction to close in mid-2008.
Animal Health International, Inc. Announces Its First Quarter Fiscal Year 2008 Earnings
WESTLAKE, Texas, Nov. 6, 2007 (PRIME NEWSWIRE) -- Animal Health International, Inc. (NasdaqGS:AHII - News) announced today that net sales increased 12.8%, or $18.7 million, to $164.4 million for the three months ended September 30, 2007, from $145.7 million for the same quarter last year. Acquisitions accounted for $11.3 million or 60% of the increase in sales. Net income increased 13.3% to $1.0 million or $0.04 per fully diluted share. .
Delta Responds to Press Reports of Consolidation
ATLANTA, Nov. 14, 2007 (PRIME NEWSWIRE) -- Delta Air Lines (NYSE:DAL - News) today denied published reports that it had engaged in merger talk with United Airlines. Delta Chief Executive Officer Richard Anderson said: ``There have been no talks with United regarding any type of consolidation transaction and there are no such ongoing discussions.'' .
Need Help Erasing IRS Debt?
(ARA) - Do you owe Uncle Sam money? Are you struggling with IRS debts and at a loss about what to do? Don't despair, you are not alone. Many Americans owe back taxes, or cannot afford to pay their IRS debts, but there are places you can turn for help.A good place to start is with an understanding of the different IRS tax debt strategies. There are five of them: 1. Offer in Compromise: a program where you can settle your tax debts for less than what you owe. Requires making a lump sum or short term payment plan to pay off the IRS at a reduced dollar amount.2. Installment agreement: a monthly payment plan for paying off the IRS.3. Partial payment installment agreement: a somewhat new debt management program where you have a long term payment plan to pay off the IRS at a reduced dollar amount.4.
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