China’s Bright Food to sell Weetabix to Post Holdings for $1.76 billion

SHANGHAI (Reuters) – China’s Bright Food Group Co Ltd [SHMNGA.UL] has agreed to sell iconic British cereal brand Weetabix to U.S. cereal company Post Holdings for $1.76 billion (1.40 billion pounds), a spokesman for the Chinese conglomerate said on Tuesday.

from Reuters: Top News http://uk.reuters.com/article/uk-weetabix-m-a-post-holdings-idUKKBN17K0F6?feedType=RSS&feedName=topNews

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