Why TreeHouse Foods Stock Is Soaring This Week
Shares of leading private-label snacking and beverages manufacturer TreeHouse Foods (NYSE: THS) rose 31% this week as of 2 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
Octus, a global financial intelligence firm, learned that private equity firm Investindustrial was working on trying to acquire the beleaguered packaged foods company for $3 billion.
This news sent shares rocketing higher, following the stock's decline from $40 to just $15 over the last year.
Source Fool.com
