Rao's Fans Sound Off About Potential Changes to Their Beloved Pasta Sauce
Let the hoarding begin!
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Let the hoarding begin!
Campbell Soup is set to buy Sovos Brands, the maker of Rao’s pasta sauces. In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $23 per share in cash — reflecting a total value of about $2.7 billion. The transaction will help diversify and strengthen Campbell’s…
Campbell Soup CEO Mark Clouse addresses one big social media concern about his $2.7 billion deal for pasta sauce maker Rao's.
The Sovos deal will fulfil Campbell’s objective of having a $1bn sauces business on board, but it may face challenges elsewhere.
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