Campbell is buying Rao's, worrying fans of the pasta sauce
Fans are worried, but the soup maker says it won't touch the sauce.
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Fans are worried, but the soup maker says it won't touch the sauce.
Sovos Brands, Inc. (NASDAQ:SOVO – Get Free Report) CEO Todd R. Lachman sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $22.56, for a total transaction of $1,015,200.00. Following the completion of the sale, the chief executive officer now […]
Some fans of Rao's Sensitive Marinara sauce shared concerns following the announcement of Campbell Soup acquiring Sovos Brands.
The brand's parent company was acquired by Campbell Soup for that whopping sum, thanks in part to the sauce's popularity with home cooks.
The upcoming acquisition of Sovos Brands Inc. (Nasdaq: SOVO) by food giant Campbell Soup Co. (NYSE:CPB) may result in the elimination of some redundant administrative operations at Sovos’ Louisville headquarters and the offloading of the Bellvue-based Noosa Yoghurt brand.