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Investing.com -- TreeHouse Foods Inc. (NYSE:THS) stock soared 20% after the company announced it will be acquired by Investindustrial for $2.9 billion in an all-cash transaction.
Under the terms of the agreement, TreeHouse shareholders will receive $22.50 per share in cash, representing a 38% premium to the company’s closing price on September 26, 2025, the last trading day before market speculation about a potential transaction emerged. Shareholders will also receive one non-transferable Contingent Value Right per share, which could provide additional value from ongoing litigation related to TreeHouse’s coffee business.
The transaction, unanimously approved by TreeHouse’s Board of Directors, values the company at an equity value of $1.2 billion. JANA Partners LLC, which holds a 10% stake in TreeHouse, has agreed to vote in favor of the deal at the upcoming special shareholder meeting.
"TreeHouse Foods has been executing a strategy to become a focused snacking and beverage private brand leader with depth in categories, attractive long-term prospects and an agile operating model," said Steve Oakland, Chairman, Chief Executive and President of TreeHouse Foods.
The acquisition is expected to close in the first quarter of 2026, subject to shareholder approval and regulatory clearances. Once completed, TreeHouse will be delisted from the New York Stock Exchange and operate as a private company within Investindustrial’s portfolio.
Andrea C. Bonomi, Chairman of the Industrial Advisory Board of Investindustrial, stated that the firm is "confident in the long-term growth opportunities in private brands and the categories where TreeHouse Foods operates," highlighting Investindustrial’s expanding presence in North America.
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