Campbell Completes Acquisition of Sovos Brands, Inc. [Yahoo! Finance]
Sovos Brands, Inc. (SOVO)
Company Research
Source: Yahoo! Finance
Risa Cretella from Sovos Brands to lead new Distinctive Brands unit within Meals & Beverages division Significant long-term shareholder value creation expected through meaningful sales and earnings growth contribution CAMDEN, N.J., March 12, 2024 BUSINESS WIRE Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. ("Sovos Brands") for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion. "This important milestone in Campbell's history adds several market-leading and scaled premium brands to our company," said Campbell's President and CEO Mark Clouse. "It accelerates Campbell's successful strategy and provides a substantial runway for sustained profitable growth. An enhanced Meals & Beverages division paired with our differentiated Snacks division creates an advantaged portfolio that makes Campbell one of the most dependable and growth-oriented large capitalization valu
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SOVO
News
- Campbell Soup CEO on Rao's pasta sauce deal: We have now entered our next chapter [Yahoo! Finance]Yahoo! Finance
- Campbell Soup completes $2.33 billion Sovos deal after delays [Yahoo! Finance]Yahoo! Finance
- Flagship Food Group Rebrands to Insignia International and Will Unveil New Logo Live at Natural Products Expo West [Yahoo! Finance]Yahoo! Finance
- Flagship Food Group Rebrands to Insignia International and Will Unveil New Logo Live at Natural Products Expo WestBusiness Wire
- Campbell Soup Co (CPB) Reports Mixed Fiscal Q2 2024 Results Amidst Pending Sovos Brands Acquisition [Yahoo! Finance]Yahoo! Finance
SOVO
Earnings
- 2/28/24 - Beat
SOVO
Sec Filings
- 3/12/24 - Form 25-NSE
- 3/12/24 - Form S-8
- 3/12/24 - Form POS
- SOVO's page on the SEC website