SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Post Holdings, Inc. (NYSE: POST) and certain of its officers. Post manufactures, markets, and distributes ready-to-eat cereals, snacks, and active nutrition products in the United States and Canada.
Specifically, Johnson & Weaver’s investigation seeks to determine whether certain statements regarding the Company’s business and prospects were false and misleading when made. Post has made a series of recent acquisitions including an announcement on August 7, 2014 that it has signed a stock purchase agreement to acquire American Blanching Company. American Blanching is a manufacturer of peanut butter.
On August 7, 2014, after market close, Post reported results for the third fiscal quarter ended June 30, 2014. Adjusted net loss attributable to common stockholders was ($12.6) million, or ($0.30) per diluted common share for the quarter, $.57 cents worse than the $.27 cent per share profit analysts were expecting. The company also lowered its full year EBITDA forecast to between $260 million and $270 million from its previous guidance of between $300 million and $320 million. On August 8, 2014 in mid-morning trading Post stock has traded down over 25%.
If you are a Post shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.