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JANA Partners, a New York-based activist investment firm, is accumulating shares of Treehouse Foods Inc. The firm is known for its successful activist campaigns, such as Whole Foods Market, PetSmart, and Pinnacle Foods. Treehouse Foods supplies private-label packaged foods for retail grocery, club stores, foodservice, and co-pack customers across North America. JANA's activism could lead to strategic changes and unlock shareholder value for the company.

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