TreeHouse Foods to be Taken Private in $2.9 Billion Deal
TreeHouse Foods said on Monday it will be taken private by European investment group Investindustrial in an all-cash deal valuing the packaged food maker at $2.9 billion, sending its shares up 19% in premarket trading.
TreeHouse shareholders will receive $22.50 per share in cash and one contingent value right (CVR) per share, tied to potential proceeds from ongoing litigation around its coffee business.
The offer represents a 38% premium over the closing price on September 26...
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