TreeHouse Foods to Explore Sale After Pressure From Activist Jana
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TreeHouse Foods Inc. will explore a possible sale after activist investor Jana Partners pressured the maker of private-label grocery items to consider strategic alternatives.
The company is also weighing the divestiture of a “significant portion” of its meal-prep unit in order to focus on the higher-growth snacking and beverage business, TreeHouse said in a statement Monday. There’s no timetable for the moves and no guarantee that any transaction will take place, the company said.