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Campbell Soup said on Monday its $2.33 billion acquisition of Rao's owner Sovos Brands was delayed until next year after the U.S. Federal Trade Commission asked for more details on the deal. ...
Campbell said the request for additional information by the FTC was part of the agency's review of the transaction and was a common feature of a regulatory review. In August, Campbell agreed to buy the premium sauces maker to beef up its meals and beverages business and was expecting to close the transaction by the end of December. Campbell said on Monday it now expects to complete the transaction in mid-2024 and will continue to engage with the FTC on their review.
(Reuters) - Campbell Soup said on Monday its $2.33 billion acquisition of Rao's owner Sovos Brands was delayed until next year after the U.S. Federal ...
Sovos Brands Inc. shareholders on Monday approved the food-umbrella company’s $2.7 billion acquisition by Campbell Soup Co.
LOUISVILLE, Colo., Oct. 16, 2023 -- Sovos Brands, Inc. today announced that its stockholders, at a Special Meeting of Stockholders held earlier today, approved the previously announced...