Ralcorp Holdings’ board of directors has approved an authorisation to buy back up to 2m shares of its common stock. This authorisation allows the company to make share repurchases from time to time, as determined by management, at prevailing market prices.

The authorisation was approved today by the company’s board of directors at its regularly scheduled meeting.

Ralcorp produces a variety of store brand foods that are sold under the individual labels of various grocery, mass merchandise and drug store retailers, and frozen bakery products that are sold to restaurant and food service customers.