Treehouse Foods (THS) Said to Face Jana Pressure to Explore Sale - Bloomberg

February 10, 2021 9:18 AM EST

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(Updated - February 10, 2021 9:22 AM EST)

Activist investor Jana Partners has called on Treehouse Foods (NYSE: THS) to launch a strategic review, including exploring a potential sale, according to a report from Bloomberg, citing people familiar with the matter.

Jana built a roughly 7.5% stake and has nominated three directors, according to a 13D filing this morning.

Jana sees the stock as undervalued and thinks there might be interested suitors following buyout firm's interest in private label brands in recent years.

Talks are constructive and ongoing.

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