Janney Calls TreeHouse Likelier Takeover Target Amid Ralcorp Deal
TreeHouse (NYSE: THS) shares are outperforming the broader equities market following news of a $4.95 billion deal between Con-Agra (NYSE: CAG) and Ralcorp (NYSE: RAH). Investors may be considering TreeHouse as another takeover candidate following the deal.
Janney Capital's Jonathan Feeney highlighted just this sentiment in a research note from this morning. The analyst sees "excellent long-term strategic rationale" related to Con-Agra's bid, and noted the $100 billion-plus private label food sector remains "highly" fragmented.
Investors may also want to keep an eye on Diamond Foods on the heels of this deal.
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