Campbell Soup (CPB) has finally reached a deal to sell, albeit, a small portion of its international business with the sale of Kelsen Group. The deal looks reasonable but involves just a small portion of its international segment which will be divested, needed to address leverage. While leverage is coming down and is becoming manageable, the round-trip made through numerous M&A deals has destroyed a lot of value for investors, as valuations appeal fair at this level.
Just A Small Sale
Given the debt load and concerns about this financial position amidst lackluster