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2023-08-08 14:46:21 ET Summary Sovos Brands' shareholders saw a 25.2% increase in share price after the announcement of its acquisition by Campbell Soup Company. Campbell Soup Company aims to grow its sauces business and sees Sovos Brands, particularly its Rao's Homemade brand, as...
2023-08-08 13:08:14 ET Summary Campbell Soup Company recently announced its acquisition of Sovos Brands for $2.7 billion, at a premium 3.2 times sales multiple. Sovos Brands, known for brands like Rao's and Michael Angelo's, generated $837 million in sales in 2022. The deal is...
2023-08-07 12:05:00 ET Summary HSBC planning to shift its global HQ; Office markets saw "heightened uncertainty" in Q2 - JLL. Tyson Foods posts results miss; Campbell Soup to buy Sovos Brands in a $2.7B deal. Jefferies says "recession is almost inevitable". Listen be...
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 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 ...
Powerful combination expected to fuel earnings growth; Aligns with and advances Campbell’s focused strategic plan Strengthens and diversifies Campbell’s portfolio by enhancing Meals & Beverages division with additional growth-oriented brands, including premium market-lea...
2023-08-01 13:34:52 ET Kraft Heinz Company ( NASDAQ: KHC ) is set to post their second quarter results on Tuesday before markets open. Wall Street expects Kraft Heinz to post an 8.6% rise in earnings per shares (EPS) to $0.76, while revenue is expected to rise 4% at $6.81 bi...
2023-07-30 13:15:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Project adds over 80 new jobs, improves environmental footprint with new onsite flour mill Campbell Soup Company (NYSE: CPB) today announced it is investing approximately $160 million in its Richmond, Utah, manufacturing facility to expand production of Goldfish crackers to ...
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Kimberly-Clark Names Craig Slavtcheff Chief Research and Development Officer PR Newswire Robert Long to retire after 45 distinguished years in CPG DALLAS , July 16, 2024 /PRNewswire/ -- Kimberly-Clark (NYSE: KMB) today announced that Craig Slavtchef...
2024-07-02 09:00:25 ET Campbell Soup Co. (CPB) declaring a stock dividend of $0.37 per share on Ex-Date : July 03, 2024. Shareholders on record as of July 03, 2024 are eligible for the dividend. The payment date is scheduled for July 29, 2024, and the declaration was officially made...
2024-06-20 10:45:04 ET Kanzhun Ltd (BZ) BZ is trading UP for the last 5 days, and it at trading at $20.72 with volume of 658,866 and a one day change of $0.25 (1.20%). Kanzhun Ltd has a 52-week low of 12.57 and a 52-week high of $22.74. The business's 50-day moving average price is ...