{"id":77434,"date":"2024-03-12T11:14:18","date_gmt":"2024-03-12T16:14:18","guid":{"rendered":"https:\/\/equitynewsreport.com\/campbell-soup-completes-2-33-billion-sovos-deal-after-delays\/"},"modified":"2024-03-12T11:14:18","modified_gmt":"2024-03-12T16:14:18","slug":"campbell-soup-completes-2-33-billion-sovos-deal-after-delays","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/campbell-soup-completes-2-33-billion-sovos-deal-after-delays\/","title":{"rendered":"Campbell Soup completes $2.33 billion Sovos deal after delays"},"content":{"rendered":"<div readability=\"55\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Campbell Soup completes $2.33 billion Sovos deal after delays\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXNPEK2B0G8_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS\/Brendan McDermid\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>(Reuters) &#8211; <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Campbell Soup <\/span><\/span> (NYSE:) has completed the acquisition of Rao&#8217;s Homemade-owner Sovos Brands, the U.S. packaged food maker said on Tuesday, weeks after receiving clearance from the Federal Trade Commission.<\/p>\n<p>The closing of the $2.33-billion deal, announced in August last year, was pushed to mid-2024 from December after the FTC requested additional information in October. <\/p>\n<p>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. <\/p>\n<p>Campbell has created a new business unit called &#8220;distinctive brands&#8221; within its meals and beverages division to include Sovos Brands, which consists of pasta sauces, dry pasta, soups, frozen pizza and yogurts. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS\/Brendan McDermid\/File Photo (Reuters) &#8211; Campbell Soup (NYSE:) has completed the acquisition of Rao&#8217;s Homemade-owner Sovos Brands, the U.S. packaged food maker said on Tuesday, weeks after receiving clearance from the Federal Trade Commission. The closing of the $2.33-billion deal, announced in August last year, was pushed to mid-2024 from December after the FTC requested additional information in October. However, in February, Campbell said it would close the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50,48,49,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77434"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77434"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77435"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}