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TreeHouse completes acquisition of Sturm Foods
TreeHouse Foods Inc has completed its previously announced acquisition of Sturm Foods Inc for $660m, excluding adjustments for working capital and other items.
TreeHouse financed the acquisition through the closing of its previously announced offerings of $400m in aggregate principal amount of 7.750% senior notes due 2018 and 2,702,500 shares of common stock (including the exercise in full of the over-allotment option) at a price of $43 per share.
TreeHouse financed the remainder of the purchase price under its existing revolving credit facility.
Source: TreeHouse
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