Post Holdings to acquire Peter Pan from Conagra Brands.

Post Holdings, a consumer packaged goods holding company, agreed to acquire Peter Pan, a peanut butter brand, from Conagra Brands, a branded food company. Financial terms were not disclosed. Under the terms of the agreement, Conagra Brands will provide transitional services to facilitate transitioning the business. The transaction is expected to be completed in the first calendar quarter of 2021, subject to customary closing conditions, including the receipt of any applicable regulatory approvals.