Post Holdings completed the spin-off of an 80.1% stake in BellRing Brands in a $3bn deal.

Post Holdings, a consumer packaged goods holding company, completed the spin-off of an 80.1% stake in BellRing Brands, a holding company operating in the global convenient nutrition arena, in a $3bn deal. The spin-off was structured in a manner intended to qualify as a tax-free distribution to Post shareholders for US federal income tax purposes, except to the extent of any cash received in lieu of fractional shares of New BellRing common stock.