Campbell Completes Acquisition of Sovos Brands, Inc.

Mar 12, 2024 · CAMDEN, N.J.–(BUSINESS WIRE)– Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for …

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Sovos Brands Joins New 'distinctive' Unit At Campbell Soup Co.

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Mar 13, 2024 · CAMDEN - Campbell Soup Co. has completed its $2.7 billion acquisition of Sovos Brands Inc., the producer of Rao's pasta sauce. The all-cash purchase offers "a substantial …

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Campbell Soup Closes Acquisition Of Sovos Brands In $2.7 Bln All …

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Mar 12, 2024 · (RTTNews) - Campbell Soup Co. (CPB) announced Tuesday it has completed the acquisition of Sovos Brands, Inc. for $23 per share in an all-cash transaction, which represents …

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Campbell Completes Acquisition Of Sovos Brands, Inc. - Foodmarket

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Campbell Soup Company 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 …

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Campbell's Sovos Acquisition A 'match Made In Heaven': CEO

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Mar 12, 2024 · Campbell Soup Company (CBP) announced today that it has completed its $2.7 billion acquisition of Sovos Brands, Inc., which touts popular brands like Rao's. The deal was …

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Campbell Adds Premium Brands With Sovos Acquisition

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Mar 12, 2024 · CAMDEN, N.J. - Campbell Soup Company (NYSE: CPB) announced the completion of its acquisition of Sovos Brands, Inc. for $23 per share in an all-cash transaction …

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Campbell Soup Co. Completes Acquisition Of Sovos Brands, Inc.

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Mar 13, 2024 · CAMDEN, N.J. — Campbell Soup Co. (NYSE: CPB) Tuesday announced it has completed the acquisition of Sovos Brands, Inc. for $23 per share in an all-cash transaction, …

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Campbell Completes Acquisition Of Sovos Brands, Inc.

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CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an …

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Campbell Completes Acquisition Of Sovos Brands, Inc.

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Mar 12, 2024 · 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, …

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FAQs about Campbell Completes Acquisition of Sovos Brands, Inc. Coupon?

What is Campbell's acquisition of Sovos Brands?

Campbell Completes Acquisition of Sovos Brands, Inc. - The Campbell's Company CAMDEN, N.J.– (BUSINESS WIRE)– 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. ...

What happens if Sovos & Campbell merge?

Sovos Brands, Inc. shareholders will receive $23.00 per share in cash as consideration. Campbell plans to finance the acquisition price through the issuance of new debt. Under the Merger Agreement, Sovos is also required to pay a termination fee of approximately $71 million to Campbell if the Merger Agreement is terminated by Sovos. ...

How much is Campbell Soup worth?

CAMDEN, N.J. & LOUISVILLE, Colo.– (BUSINESS WIRE)– Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (Nasdaq: SOVO) today announced that the companies have entered into an agreement for Campbell to acquire Sovos Brands, Inc. for $23 per share in cash, representing a total enterprise value of approximately $2.7 billion. ...

What products does Sovos sell?

The Sovos Brands portfolio consists of a variety of premium products including pasta sauces, dry pasta, soups, frozen entrées, frozen pizza and yogurts under the brand names Rao’s, Michael Angelo’s and noosa. ...

Did Campbell Soup buy Rao's?

Campbell Soup Company ( CBP) announced today that it has completed its $2.7 billion acquisition of Sovos Brands, Inc., which touts popular brands like Rao's. The deal was originally slated for December of 2023, but the FTC intervened seeking compliance information. The deal represents Campbell's largest purchase in over 6 years. ...

How much does Sovos Brands make per share?

Compelling Strategic Rationale The all-cash offer for Sovos Brands of $23 per share for a total enterprise value of approximately $2.7 billion represents an adjusted EBITDA multiple of 14.6x including run rate synergies and 19.8x excluding synergies 6. ...