Campbell Soup expects to close Sovos Brands deal 'within days' of March 11
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.