City of Industry, CA –(www.FinancialNewsUSA.com)– 07/18/2008 - Consumer Goods industry news provided by Financial News USA (OTC: FNWU). Ralcorp Holdings, Inc. (”Ralcorp”) announced that, at a special meeting of shareholders held recently, July 17, 2008, shareholders approved the issuance of shares of Ralcorp common stock, $.01 par value per share, in connection with the acquisition by Ralcorp of the Post cereals business of Kraft Foods Inc. (”Kraft”) (NYSE: KFT) through the merger (the “Merger”) of Cable Holdco, Inc. (”Splitco”), a wholly owned subsidiary of Kraft, with and into Ralcorp Mailman LLC (”Ralcorp Mailman”), a wholly owned subsidiary of Ralcorp. The closing of the Merger and the related transactions (collectively, the “Transactions”) remains subject to certain conditions set out in the RMT Transaction Agreement between Kraft, Splitco, Ralcorp and Ralcorp Mailman dated as of November 15, 2007 which was filed with the SEC on Form 8-K on November 20, 2007.
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