Subsequent Event

9 Months Ended

Jun. 30, 2011

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 18 – SUBSEQUENT EVENTS

 On July 14, 2011, the Company announced that its Board of Directors agreed in principle to separate Ralcorp and Post Foods in a tax-free spin-off to Ralcorp shareholders.  The separation is expected to be completed in approximately four to six months, pending the receipt of an Internal Revenue Service tax ruling and opinion of legal counsel and resolution of other customary conditions.

 On August 9, 2011, the Company announced that it had entered into a definitive agreement to acquire the North American private-brand refrigerated dough business of Sara Lee Corp. for approximately $545.  Sara Lee's refrigerated dough business is a leading manufacturer and distributor of a full range of private-brand refrigerated dough products in the United States and recorded net sales in excess of $300 for its fiscal year ended July 2010.  The transaction is expected to be completed in approximately 60 to 90 days, subject to customary closing conditions and regulatory approvals, after which the business will be reported as part of Ralcorp's Frozen Bakery Products segment.  Ralcorp intends to fund the transaction through short-term debt that will be repaid with the proceeds from the Post Foods separation.