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Fly News Breaks for July 22, 2016
CAG, POST
Jul 22, 2016 | 08:04 EDT
KeyBanc says that there has been speculation that Post Holdings (POST) is looking to buy ConAgra's (CAG) Lamb Weston potato business. The firm is unsure about whether the deal will go through, but it says that the transaction would be "transformative" for Post, given the unit's "consistent top-line growth trends and attractive margin structure." KeyBanc believes that Post would deserve a higher multiple in the wake of the deal, and it keeps an Overweight rating on the shares.
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