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Post Holdings Up as Offering Upsized Prices at Wednesdays Close

Post Holdings Up as Offering Upsized Prices at Wednesdays Close

Post Holdings (POST) shares rose Thursday, after the cereal maker priced its offering of 5.5 million shares at $47.70, matching Wednesday's closing price. The offering also was increased by 1 million shares from its prior plans.

The company granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock at the public offering price less the underwriting discount. Shares were up 2.7% at $48.98 recently, in a 52-week range of $38.31 to $60.63.

Post Holdings Up as Offering Upsized Prices at Wednesdays Close