Campbell Soup Set to Boost Food Industry Dynamics

Campbell Soup Nears Deal with Sovos Brands, Elevating Food Industry Dynamics

CAMDEN, N.J. — In a significant stride towards consolidation in the food industry, Campbell Soup Company (NYSE:) and Sovos Brands, Inc. (NASDAQ:SOVO) have made remarkable progress in their merger talks. A pivotal step has been achieved with the certification of substantial compliance with the Federal Trade Commission's (FTC) demand for additional information. This milestone ushers in a 30-day waiting period set to expire on March 11, 2024, post which the acquisition is slated to receive the green light, assuming standard closing conditions are met.