Page 5 - Sovos Brands News Today

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Sovos Brands, Inc. (NASDAQ:SOVO – Get Free Report) CEO Todd R. Lachman sold 13,255 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $22.26, for a total transaction of $295,056.30. Following the sale, the chief executive officer now owns 1,957,028 shares in the […]

Sovos Brands, Inc. (NASDAQ:SOVO – Get Free Report) insider Yuri Hermida sold 5,979 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $22.26, for a total transaction of $133,092.54. Following the sale, the insider now owns 307,089 shares of the company’s […]

Key Insights The projected fair value for Sovos Brands is US$32.25 based on 2 Stage Free Cash Flow to Equity Sovos...

Both companies have certified substantial compliance with the Request for Additional Information and Documentary Materials issued by the FTC.

The FTC had requested additional information on the transaction in October last year as part of its review of Campbell's proposed acquisition of Sovos, a premium Italian sauces maker. The certification triggers the start of a 30-day waiting period, set to expire on March 11, after which the sale can be finalized. Campbell, which had previously expected the transaction to close in mid-2024, said it will close within days of the waiting period ending.

Campbell Soup said on Tuesday that it expects to close its $2.33 billion acquisition of Raos Homemade items owner Sovos Brands within days of March 11 after receiving a certification of compliance...

CAMDEN, N.J. and LOUISVILLE, Colo., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Campbell Soup Company CPB and Sovos Brands, Inc. SOVO today announced that both…

Gamco Investors INC. ET AL purchased a new stake in Sovos Brands, Inc. (NASDAQ:SOVO – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 490,100 shares of the company’s stock, valued at approximately $11,052,000. Gamco Investors INC. ET AL owned […]

Versor Investments LP bought a new position in shares of Sovos Brands, Inc. (NASDAQ:SOVO – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 445,696 shares of the company’s stock, valued at approximately $10,050,000. Sovos Brands makes up 2.0% of […]