Private-brand maker TreeHouse Foods sells for $2.9B

Private-brand snacking and beverage manufacturer TreeHouse Foods Inc. has agreed to be acquired by Industrial F&B Investments III Inc., an affiliate of Investindustrial VIII SCSp, in an all-cash transaction valued at approximately $2.9 billion.Under the agreement, TreeHouse shareholders will receive $22.50 per share in cash and one non-transferable contingent value right for each share of common stock. The contingent value right provides holders the possibility of additional proceeds from ongoing litigation ...