Campbell Soup to buy Sovos Brands, maker of Rao's sauces – NBC New York
In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $2.7 billion.
Source: nbcnewyork.com
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Campbell's acquires Rao's pasta sauce in $2.7B deal for Sovos Brands
Campbell's move to buy Rao marks the company's biggest acquisition since it dropped $4.87 billion to buy pretzel leader Snyder's-Lance in 2018.
Source: usatoday.com
Sovos Brands (NASDAQ:SOVO) Sees Large Volume Increase Following Earnings Beat
Sovos Brands, Inc. (NASDAQ:SOVO – Get Free Report) shares saw unusually-high trading volume on Tuesday after the company announced better than expected quarterly earnings. Approximately 1,290,263 shares were traded during trading, an increase of 122% from the previous session’s volume of 579,934 shares.The stock last traded at $22.51 and had previously closed at $22.56. The […]
Source: modernreaders.com
Telsey Advisory Group Downgrades Sovos Brands (NASDAQ:SOVO) to Market Perform
Sovos Brands (NASDAQ:SOVO – Get Free Report) was downgraded by equities researchers at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, FlyOnTheWall reports. A number of other analysts have also issued reports on the stock. William Blair lowered shares of Sovos Brands from an […]
Source: wkrb13.com
Campbell Soup to buy Sovos Brands, maker of Rao's sauces – NBC Connecticut
In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $2.7 billion.
Source: nbcconnecticut.com