Page 41 - Sovos Brands News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Justin Sullivan/Getty Images(NEW YORK) -- The Campbell Soup Company is expanding its presence on grocery store shelves with a new deal to acquire Sovos Brands Inc., the maker of Rao's pasta sauces and noosa yogurt. At $23 per share, the total enterprise value of the acquisition is approximately $2.7 billion, the companies announced in a joint press release on Monday. The premium pasta sauces first hit shelves in 1992 to bring home cooks a signature taste of the legendary 10-table New York City restaurant. The Campbell's meals and beverages division made the "strategic decision" to ad...

Justin Sullivan/Getty Images(NEW YORK) -- The Campbell Soup Company is expanding its presence on grocery store shelves with a new deal to acquire Sovos Brands Inc., the maker of Rao's pasta sauces and noosa yogurt. At $23 per share, the total enterprise value of the acquisition is approximately $2.7 billion, the companies announced in a joint press release on Monday. The premium pasta sauces first hit shelves in 1992 to bring home cooks a signature taste of the legendary 10-table New York City restaurant. The Campbell's meals and beverages division made the "strategic decision" to ad...

Detailed price information for Wayfair Inc (W-N) from The Globe and Mail including charting and trades.

Sovos Brands founder and head Todd Lachman called the acquisition a “momentous occasion.”

Campbell Soup Co. (NYSE:CPB) will slurp up Sovos Brands Inc. (Nasdaq: SOVO) in a stock deal valued at about $2.7 billion, adding new ingredients to the food giant’s meals and beverages division.