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TreeHouse Foods completes acquisition of ConAgra Foods’ private brands for $2.7bn
date:Feb 04, 2016
US-based TreeHouse Foods has completed the acquisition of the private brands operations of ConAgra Foods for $2.7bn in cash.

TreeHouse funded the deal by closing its earlier announced offerings of $775m in total principal senior notes that were due in 2024 with a 6% annual interest rate and common stock issuance of 13.3 million shares for $65 per share, aggregating $862.5m in total proceeds.

The remaining amount was availed under the company's revolving credit facility.

The purchase of ConAgr

07/27 19:20