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CAMDEN, N.J. — Campbell Soup Co. (NYSE: CPB) Tuesday announced it has completed the acquisition of Sovos Brands, Inc. for $23 per share in an all-cash transaction, which represents a
Sovos Brands, Inc. (NASDAQ:SOVO – Get Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as $22.98 and last traded at $22.98, with a volume of 577293 shares changing hands. The stock had previously closed at $22.95. Wall Street Analysts Forecast Growth Separately, Telsey Advisory Group reaffirmed […]
The Sovos Brands portfolio consists of brands like Rao’s, Michael Angelo’s and noosa.
However, in February, Campbell said it would close the deal within days of March 11, the last day for a waiting period to expire following the issuance of compliance. Campbell has created a new business unit called "distinctive brands" within its meals and beverages division to include Sovos Brands, which consists of pasta sauces, dry pasta, soups, frozen pizza and yogurts.
Campbell Soup has completed the acquisition of Rao's Homemade-owner Sovos Brands, the U.S. packaged food maker said on Tuesday, weeks after receiving clearance from the Federal Trade Commission. ...