The Traderszone Network

Published in TZ Latest News 2 November, 2015 by The TZ Newswire Staff

ConAgra to sell private brands unit to TreeHouse for $2.7 bln

ConAgra Foods Inc said it would sell its private-label foods unit to TreeHouse Foods Inc for $2.7 billion, after struggling to turn around the business it acquired just two years ago. ConAgra’s shares jumped as much as 13 percent to $45.86 in premarket trading on Monday. TreeHouse shares were little changed.