TreeHouse to Buy ConAgra's Private Brands for $2.7B

Reuters

Private-label food manufacturer TreeHouse Foodssaid it would buy ConAgra Foods private brands business for $2.7 billion to expand its dry and refrigerated grocery business.

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TreeHouse said the deal is expected to be funded by a combination of $1.8 billion in new debt and about $1.0 billion by the issuance of stock.

(Reporting by Siddharth Cavale in Bengaluru; Editing by Maju Samuel)