FTC Seeks Additional Information On Campbell Soup - Sovos Brands Deal
(RTTNews) - Campbell Soup Co. (CPB) said that it has received a request for additional information from the Federal Trade Commission or FTC as part of the agency's review of Campbell's proposed acquisition of Sovos Brands Inc. (SOVO).
The company now expects to complete this transaction in the next calendar year and will continue to engage with the FTC on their review with the objective of closing the transaction in mid-2024.
In August, Campbell agreed to acquire Sovos Brands Inc., for $23 per share in cash or around $2.7 billion.
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