The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:** Cereal maker Post Holdings Inc is close to a deal to acquire eggs and dairy producer Michael Foods Group Inc for $2.5 billion, prevailing over a rival bid from Tyson Foods Inc, according to a person familiar with the matter.
Post Holdings, Inc. is a consumer goods company operating in the center-of-the-store, active nutrition and private label food categories. Shares of POST traded higher by 5.66% or $2.93/share to $54.73. In the past year, the shares have traded as low as $38.31 and as high as $60.63. On average, 596702 shares of POST exchange hands on a given day and today's volume is recorded at 1728574.
Tyson Foods, Inc. is a food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. Shares of TSN traded higher by 0.73% or $0.31/share to $42.75. In the past year, the shares have traded as low as $23.37 and as high as $44.24. On average, 3710310 shares of TSN exchange hands on a given day and today's volume is recorded at 4069001.
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