Company: THS
Filing Date: 2025-11-12
Form Type: 8-K
Source: 0001320695-25-000112
Chunk: 0

Company: TreeHouse Foods, Inc.
Filing Date: 2025-11-12
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01.

Entry into a Material Definitive Agreement.

Merger Agreement

On November 10, 2025, TreeHouse Foods, Inc., a Delaware corporation (“ TreeHouse”), Industrial F& B Investments II, Inc., a Delaware corporation (“ Investindustrial”), and Industrial F& B Investments III, Inc., a Delaware corporation and a wholly owned subsidiary of Investindustrial (“ Merger Sub”), announced they had signed an Agreement and Plan of Merger, dated as of November 10, 2025 (the “ Merger Agreement”), pursuant to which Merger Sub will merge with and into TreeHouse, with TreeHouse continuing as the surviving corporation (the “ Merger”).

Upon consummation of the transactions contemplated by the Merger Agreement (such time, the “ Effective Time”), each share of common stock, par value $0.01 per share, of TreeHouse (“ TreeHouse Common Stock”) issued and outstanding immediately prior to the Effective Time will be canceled and automatically converted into the right to receive (i) $22.50 in cash, without interest and subject to any applicable withholding taxes (the “ Per Share Amount”), and (ii) one contractual contingent value right (the “ CVR”), which represents the right to receive a portion of the net proceeds, if any, resulting from certain litigation relating to part of TreeHouse’s coffee business.

Pursuant to the Merger Agreement, each TreeHouse stock option, restricted stock unit and performance share unit that is outstanding immediately prior to the Effective Time, to the extent unvested, will become vested effective immediately prior to, and contingent upon, the Effective Time (with the performance share units assuming that 130% of target level of performance has been achieved). As of the Effective Time, each TreeHouse stock option that is vested with an exercise price per share of TreeHouse Common Stock that is less than the Per Share Amount will be canceled and converted into the right to receive (i) a cash payment equal to the excess of the Per Share Amount over the per share exercise price for each share of TreeHouse Common Stock subject to such stock option and (ii) one CVR for each share of TreeHouse Common Stock subject to such stock option, and each TreeHouse stock option with an exercise price per share of TreeHouse Common Stock that is equal to or greater than the Per Share Amount will be canceled for no consideration. Each TreeHouse restricted stock unit and performance share unit that is outstanding immediately prior to the Effective Time will be canceled and converted into