AcquisitionTreeHouse announced an agreement to sell to Investindustrial in an all-cash transaction for $22.50/share, a 38% premium to the stock prior to market speculation on the deal.
Board ApprovalThe transaction has been unanimously approved by THS's Board of Directors and is expected to close, subject to approval by shareholders.
Shareholder AgreementJANA Partners LLC, a 10% shareholder of TreeHouse Foods common stock, has entered into a customary voting agreement to vote in favor of the transaction.