Campbell’s agreed acquisition of Sovos, the maker of Rao’s upscale pasta sauces, for $2.7 billion, including debt, contains some questionable ingredients. But a longer simmer from boss Mark Clouse will help, writes rob_cyran
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Chicken noodle soup king Campbell just spent $2.7 billion to buy Rao's saucesRao's — which went public in 2021 — will join a Campbell sauce portfolio consisting of lower priced Prego and Swanson broths. The company posted $878.4 million in net sales last year and $67.8 million in net income.
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Campbell to buy Rao's premium sauces maker Sovos for $2.33 blnU.S. packaged food maker Campbell Soup will buy Michael Angelo's and Rao's owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages business with the maker of premium Italian sauces.
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Campbell to buy Rao’s premium sauces maker Sovos for $2.33 billionU.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages b…
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Campbell Soup to acquire Rao’s parent Sovos Brands in cash deal valued at about $2.7 billionAn earlier version of this article had a typo in the price Campbell Soup is paying. The price is $23 not $32. The article has been corrected. Campbell Soup...
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Campbell Soup's bonds sell off after S&P downgrades rating following $2.7 billion dealCampbell Soup will pay $2.7 billion in cash to buy Sovos Brands, parent of Rao’s pasta sauces and noosa yogurts.
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S&P downgrades Campbell Soup to one notch above junk-bond statusS&P Global Ratings lowered Campbell Soup’s cos. rating to BBB- from BBB on Monday, placing it one notch above speculative-grade, or junk, status. The move...
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