TreeHouse prices stock offer
February 26, 2010
by Eric Schroeder
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.