Big Law

Campbell Soup Completes $2.33 Billion Acquisition of Sovos Brands After Delays

Campbell Soup has completed the acquisition of Rao’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 deal within days of March 11, the last day for a waiting period to expire following the issuance of compliance.

Read the source article at Yahoo Finance

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