Campbell Soup to sell international, fresh food units [Reuters]
Campbell Soup Company (CPB)
Last campbell soup company earnings: 3/4 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investor.campbellsoupcompany.com
Company Research
Source: Reuters
Campbell Soup to sell international, fresh food units | Reuters Reuters Staff 4 Min Read (Reuters) - Campbell Soup Co ( CPB.N ) said on Thursday it would sell its international businesses and fresh refrigerated-foods unit, following a months-long strategic review and pressure from hedge fund investors to sell the whole company. The board kept alive the possibility of an outright sale, saying it “remains open and committed to evaluating all strategic options to enhance value in the future.” It is not clear if the plan will appease activist investor Dan Loeb, whose Third Point LLC hedge fund announced a 5.65 percent stake on Aug. 9 and immediately pressed for a sale of the entire company to a competitor as “the only justifiable outcome.” Shares of the 149-year-old company fell 4 percent in pre-market trading. The company has hired Goldman Sachs Group Inc ( GS.N ) and Centerview Partners to sell the units. The two businesses currently bring in about $2.1 billion in annual sales, abou
Show less
Read more
Impact Snapshot
Event Time:
CPB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CPB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CPB alerts
High impacting Campbell Soup Company news events
Weekly update
A roundup of the hottest topics
CPB
News
- Evercore consumer dealmaker Taetle is leaving the bank, sources say [Reuters]Reuters
- Evercore consumer dealmaker Taetle is leaving the bank, sources say [Yahoo! Finance]Yahoo! Finance
- Global Soup Market Size and Forecasts 2024-2032: A $25+ Billion Market - Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis [Yahoo! Finance]Yahoo! Finance
- Campbell’s Awards $880,000 in Community Impact GrantsBusiness Wire
- Should We Be Delighted With Campbell Soup Company's (NYSE:CPB) ROE Of 20%? [Yahoo! Finance]Yahoo! Finance
CPB
Earnings
- 3/6/24 - Beat
CPB
Sec Filings
- 4/16/24 - Form 8-K
- 4/8/24 - Form 4
- 4/4/24 - Form 144
- CPB's page on the SEC website