Campbell Soup Is A Growing Sauce Player After Sovos Acquisition
Campbell Soup(CPB) Seeking Alpha·2024-08-18 20:42
clearstockconcepts/iStock Unreleased via Getty Images In January, I wrote an article about Campbell Soup Company (NYSE:CPB), focusing on the company's broad interests in food and snacks other than soup. Since that time, the company has risen in price almost 14%. Today, I want to revisit Campbell Soup's value at the higher price, and after they completed the acquisition of Sovos Brands in March for $23 per share. The deal cost about $2.7 billion, but gives Campbell Soup access to the valuable Rao's brand in ...