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Ralcorp to Spin Off Post Foods After Failing to Find Buyer

Ralcorp Holdings Inc., the maker of Raisin Bran cereals and private-label food brands, plans to spin off Post Foods after failing to sell the unit to rival foodmakers or private-equity firms.

Co-Chief Executive Officer Kevin Hunt will be Ralcorp’s CEO after the separation, which should be completed in about four to six months, St. Louis-based Ralcorp said today in a statement. Ralcorp said its board has formed a committee to search for a CEO for Post.