Long-Term Returns of Jana Partners’ 5 Activist Targets

2. TreeHouse Foods, Inc. (NYSE:THS)

Activist Investment: 2021
Long-Term Returns Since Jana Partners’ Investment: -48.9%
S&P 500 Gain Since Jana Partners’ Investment: 36.98%

TreeHouse Foods, Inc. (NYSE:THS) manufactures and distributes private-label foods and beverages. It mostly provides snacking products like crackers, pretzels, store bakery items, and cookies.

Jana Partners took a 7.3% stake in the company in 2021 and started pushing the company to explore options, including a potential sale.

The activist investor opened discussions with the board to address the undervaluation situation in a bid to unlock shareholder value. The activist investor also announced plans to nominate three members to TreeHouse Foods, Inc. (NYSE:THS)’s board. The private-label foods company would reach an agreement to sell its ready-to-eat cereal business to Post Holdings for $85 million with the activist investor on board.

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