Ralcorp announces share buyback
November 11, 2009
by Bakingbusiness Staff
ST. LOUIS — The board of directors of Ralcorp Holdings, Inc. has authorized the repurchase of up to seven million shares of the company’s common stock.
"While we have completed over 20 acquisitions and repurchased 9.5 million shares over the past 12 years, we have also remained focused on maintaining a strong balance sheet as a key to our success," said Scott Monette, vice-president and treasurer. "Accordingly, we remain committed to maintaining our present credit ratings while we use our strong cash flows to drive long-term shareholder value."