Ralcorp (RAH) Closes Purchase of Gelit S.r.l.

Ralcorp Holdings, Inc. (NYSE: RAH) today announced that it has completed the acquisition of Gelit S.r.l., a leading producer of private-brand, frozen ready meals in Italy. Ralcorp anticipates the transaction will deliver $0.05 of GAAP accretion and $0.07 of cash accretion to adjusted diluted earnings per share in the first twelve months of ownership, excluding one-time costs. Terms of the transaction were not disclosed.

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