TreeHouse Foods Announces Expiration Of Waiting Period For Acquisition Of ConAgra's Private Brand Operations, Expects Transaction To Close Next Month

Shares of TreeHouse Foods Inc. (NYSE: THS) were trading lower by around 0.33 percent shortly after Friday's opening bell. The company offered an update on its proposed acquisition of ConAgra Foods Inc (NYSE: CAG)'s private label brand.

TreeHouse announced after Thursday's market close that the required waiting period has expired in connection with its proposed acquisition of ConAgra's private brands business. The company has also received an Advance Ruling Certificate from Canadian authorities.

TreeHouse added it has now satisfied the two governmental approval conditions to finalize its $2.7 billion acquisition. The company expects to finance the acquisition through equity and high yield offerings on a timeline that allows the transaction to close in mid-February.

Shares of ConAgra Foods were trading higher by 0.59 percent at $40.60 at the same time.