The initial public offering of Post Holdings' fast-growing Active Nutrition segment, which includes the iconic PowerBar brand and Dymatize and Premier Protein brands, remains “on track for a fall execution,” but may not happen before the end of the fiscal year, the company’s President and CEO Rob Vitale told investors during a May 3 earnings call. He explained that while “we previously discussed execution in our fiscal year,” which ends Sept. 30, “we have examined the calendar for financing, tax structuring and other activities, [and determined] the process may extend into October, subject to market conditions.”
He added that the company has received and responded to comments from the SEC following the April 8 filing of a confidential draft registration statement for the IPO of its Active Nutrition business, which Post previously announced in November that it hoped to spin off this fiscal year.
According to DNF is no option Post Holdings acquired PowerBar for “USD 150M (400M including contractually assumed obligations) in cash” five years ago.
According to DNF is no option Post Holdings acquired PowerBar for “USD 150M (400M including contractually assumed obligations) in cash” five years ago.
Read more on foodnavigator-usa.com: Post Holdings’ potential Active Nutrition IPO is ‘on track’ with SEC and a strong second quarter
