Mergers & Acquisitions
By The Online Investor Staff, updated Mon., Mar. 18, 9:26 PM
Slide #42. Campbell Soup Company — Sovos Brands, Inc.
Acquirer: |
Campbell Soup Company (NYSE:CPB) |
Acquiree: |
Sovos Brands, Inc. |
Details: |
Campbell Soup Company (NYSE:CPB) today announced it has completed the acquisition of Sovos Brands, Inc. ("Sovos Brands") for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion. |
Campbell Soup is a manufacturer and marketer of food and beverage products. Co.'s reportable segments are: meals and beverages, which consist of Co.'s soup, meals and beverages products in retail and foodservice in the U.S. and Canada; and snacks, which consist of Pepperidge Farm cookies, crackers, fresh bakery and frozen products, including Goldfish crackers, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod potato chips, Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, Pop Secret popcorn, and other snacking products in retail in the U.S., as well as the retail business in Latin America.
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March 18, 2024 9:26 PM Eastern
Hold (1.71 out of 4)
0th percentile
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