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Actionable news in THS: TREEHOUSE FOODS Inc,

Exclusive: TreeHouse in late-stage talks to buy ConAgra's Ralcorp

TreeHouse Foods Inc (THS.N) is in advanced talks to acquire Ralcorp, the private label business of ConAgra Foods Inc (CAG.N), in a deal that could be valued between $2.5 billion and $2.7 billion, according to people familiar with the matter.

After considering other alternatives, such as selling Ralcorp to a private equity firm or breaking it up, ConAgra is now engaged in negotiations with TreeHouse in an effort to finalize a deal, the people said this week.

Ralcorp's spreads, nuts and pretzels business would complement TreeHouse's existing condiment and healthy snacks business, the people said.

There is no certainty that an agreement with TreeHouse will be reached, the people said. If talks fail, ConAgra may try again to sell Ralcorp to a buyout firm, the people added.

The sources asked not to...


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