Post Holdings to buy Weetabix in $1.8B deal

Post Holdings Inc. finalized an agreement to purchase United Kingdom breakfast maker Weetabix Food Co. in a deal valuing the firm at $1.76 billion.

Post reportedly beat out other bidders, including Associated British Foods and Italy’s Barilla Group.

Weetabix is the second-largest cereal maker in the United Kingdom.

Read more from The Wall Street Journal.

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