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"Treehouse is – what is Treehouse? It's so I was googling, they have Picos, they have coffee, they have all those brands but they create them. For example, they're sold in Walmart. So the European firm Investindustrial has agreed to buy Treehouse Food, a private label food manufacturer, for about 3 billion. The ticker is THS. The stock is up about 24% now and shares in Treehouse rose 44% in pre-market trading. This is actually a 38% premium to the closing price in September, and investors are pretty excited."
The discussion details Investindustrial's $3 billion deal to acquire Treehouse Food at a significant premium, leading to a robust pre-market rally. Investor excitement is evident as the stock surges substantially due to the attractive deal terms.
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