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Post Holdings, Inc. is set to acquire the Peter Pan peanut butter brand from Conagra Brands, Inc., Chicago. Terms of the agreement 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, according to Post Holdings.

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