TreeHouse prices stock offer

by Eric Schroeder
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WESTCHESTER, ILL. — TreeHouse Foods, Inc. has priced its underwritten public offering of 2,350,000 shares of common stock at $43 per share.

Gross proceeds will be $101,050,000, or $96,250,125 minus an underwriting discount, to be used to help pay for its proposed $660 million acquisition of Sturm Foods Inc., the company said.

TreeHouse announced the potential acquisition of Sturm, a maker of hot cereal and powdered soft drink mixes, in December.

The offering is set to close March 1 and the acquisition is expected to close March 2.

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