date:May 30, 2013
mately $17 million to $19 million to EBITDA, inclusive of expected annualized synergies. Post said the transaction is structured as an asset purchase with Post benefiting from the step-up in the tax basis of the acquired assets and the resulting tax deduction. Management estimates the cash tax benefit of the step-up to have a net present value of approximately $25 million to $30 million.