Investindustrial to acquire TreeHouse Foods for $2.9 billion
TreeHouse Foods agreed to be acquired by European private equity firm Investindustrial in an all-cash deal valued at $2.9 billion. TreeHouse shareholders will receive $22.50 per share as part of the transaction, which will take the company private. The packaged foods maker reported Q3 revenue of $840.3 million and a loss per share of $5.26.