September 28/St. Louis/St. Louis Today -- Ralcorp Holdings has reached an agreement to sell its remaining stake in cereal maker Post Foods.
St. Louis-based Ralcorp announced that it is selling its remaining stake -- about 6.8 million shares -- in Post Holdings Inc. to settle approximately $200 million in debt. Ralcorp spun off its branded cereal division, Post, in February to focus on its private label foods but had retained a 20% ownership stake.