UPDATE 1-KKR agrees to buy Campbell's international business [Reuters (UK)]
KKR & Co. Inc. (KKR)
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Source: Reuters
KKR agrees to buy Campbell's international business - Reuters 2 Min Read SYDNEY (Reuters) - KKR & Co ( KKR.N ) said on Wednesday it had agreed to purchase the international business of food company Campbell Soup Co ( CPB.N ), including its popular biscuits brand Tim-Tams. The Australian Financial Review newspaper reported the U.S. private equity firm had agreed to pay $2.2 billion for the business, citing anonymous sources. A Campbell spokeswoman in Australia declined to comment on the price. “I can confirm that KKR’s offer for Arnott’s was accepted by Campbell’s late last night,” a KKR spokeswoman said in an emailed statement. The AFR newspaper said KKR had been told it had won an auction for the business overnight, beating Australian rival Pacific Equity Partners. Representatives for PEP did not immediately return requests for comment. The Campbell Soup spokeswoman declined to comment on the reports and said the U.S. company’s Australian unit, Arnott’s, had not yet been sold. “T
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- 2/7/24 - Beat
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- 4/10/24 - Form 8-K
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- 3/27/24 - Form 8-K
- KKR's page on the SEC website