Post Spin-off of BellRing Brands Notes

August 27, 2021 Update

The most recent  was Post Holdings (POST) announcing that it will be distributing a significant holding in BellRing Brands (BRBR), an active nutrition business (think protein shakes, bars, etc.). I published some research on it when the initial spin-off happened (IPO of a portion of BRBR). The current announcement looks really interesting. Post currently owns 97.5MM units/shares (71.2% of shares outstanding) of BRBR. It plans to distribute to shareh