Post Holdings' acquisition of TreeHouse RTE cereal business failed.

Post Holdings, a consumer packaged goods holding company, and TreeHouse, a food manufacturer, mutually agreed to terminate the agreement for the acquisition of RTE cereal business, a private label RTE cereal manufacturer. Financial terms were not disclosed. "After thoroughly evaluating our options and the potential outcomes, our Board has determined that terminating the agreement with Post and immediately seeking another buyer for the business is the proper course forward. Unfortunately, the business risk, necessary resources, and extent of time required to challenge the FTC's position was not in the best interest of our constituencies," Steve Oakland, TreeHouse Foods Chief Executive Officer, and President.