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TreeHouse Foods Faces Jana Pressure to Explore Sale

Start Magazine

(Bloomberg) -- Activist investor Jana Partners has called on TreeHouse Foods Inc. to launch a strategic review, including exploring a potential sale, according to people familiar with the matter. TreeHouse rose as much as 23% on the news. Jana believes the stock is undervalued and that there might be interested suitors following buyout firms’ interest in private label brands businesses in recent years, the people said, asking not to be identified because the matter is private...

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