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Campbell Soup Co. (NYSE: CPB) this week completed its $2.7 billion acquisition of Sovos Brands Inc. (Nasdaq: SOVO), carving out a new business unit to house the Louisville-based food-umbrella company.
CAMDEN, N.J. — Campbell Soup Co. (NYSE: CPB) Tuesday announced it has completed the acquisition of Sovos Brands, Inc. for $23 per share in an all-cash transaction, which represents a
Sovos Brands, Inc. (NASDAQ:SOVO – Get Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as $22.98 and last traded at $22.98, with a volume of 577293 shares changing hands. The stock had previously closed at $22.95. Wall Street Analysts Forecast Growth Separately, Telsey Advisory Group reaffirmed […]