Nestle Divests Power Bar
Nestlé sold its premium sports nutrition business under the PowerBar and Musashi brands.
Post Holdings, based in St Louis, Missouri, is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the U.S. and Canada.
Nestlé employs 339,000 people and its products are sold in almost every country in the world.
The transaction is subject to customary closing conditions.