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Campbell Soup has agreed to buy Sovos Brands in a deal valued at $2.7 billion, expanding the soup-maker's presence in frozen meals and giving it a foothold in the premium pasta sauce market.
In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $2.7 billion.
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Scoring a reservation at Rao's restaurant is nearly impossible, so 31 years ago, the restaurant began selling its sauce.