SOVO News and Press, Sovos Brands Inc. From 08/07/23

2023-08-07 11:36:14 ET Campbell Soup (NYSE: CPB) is dipping into the pantry for growth, agreeing to a deal for $2.7 billion in cash and assumed debt to acquire Sovos Brands (NASDAQ: SOVO) . The deal offers a substantial premium to Sovos shareholders, and the stock is up 25% ...

2023-08-07 09:08:30 ET Sovos Brands ( NASDAQ: SOVO ) soared 24% before the open after Campbell Soup Company ( NYSE: CPB ) said it would acquire the tomato sauce group for $23 per share in cash in a deal valued at $2.7B. CPB dropped 1.4% on Monday morning before t...

2023-08-07 08:57:30 ET Sovos Brands press release ( NASDAQ: SOVO ): Q2 Non-GAAP EPS of $0.17. Revenue of $217.6M (+10.2% Y/Y). For further details see: Sovos Brands Non-GAAP EPS of $0.17, revenue of $217.6M

2023-08-07 08:34:22 ET Missfresh ( MF ) +51% a nnounces Entry into Share Transfer Agreement. Sequans Communications  ( SQNS ) +31% Q2 earnings call release Tabula Rasa HealthCare ( TRHC ) +30% Reports Second Quarter 2023 Financial Results. ...

2023-08-07 07:40:36 ET Packaged food maker Campbell Soup ( NYSE: CPB ) on Monday said it would acquire Sovos Brands for $23 per share in cash, in a deal valued at about $2.7 billion. The all-cash offer for Sovos Brands represents an adjusted EBITDA multiple of 14.6x including ...

Excellent Results Reflect Sustained Sector-Leading, Volume-Led Top Line Growth Entered Into a Definitive Agreement to be Acquired by Campbell Soup Company LOUISVILLE, Colo., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company&#...

LOUISVILLE, Colo., July 19, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, will announce the results of its second quarter ended July 1, 2023 on Wedn...

2023-06-19 00:11:36 ET Summary Sovos Brands has experienced strong growth and momentum, primarily driven by its Rao brand, with the potential for increased household penetration and expansion into adjacent categories like pizza. Despite the positive trajectory, SOVO's current valu...

2023-05-31 11:32:48 ET Sovos Brands ( NASDAQ: SOVO ) tracked 1.30% higher in morning trading on Wednesday after Needham started off coverage with a Buy rating on the food stock. Analyst Matt McGinley and team said growth in pasta sauce for Sovos Brands ( SOVO ) coupled w...

2023-05-16 08:23:14 ET Sovos Brands ( NASDAQ: SOVO ) prices secondary public offering by certain stockholders of 10M shares at a price to the public of $17.50 per share. The offering is expected to close on May 17, 2023. The Company is not selling any sh...