Campbell Receives Second Request From FTC Under HSR Act For Proposed Acquisition Of Sovos Brands, Inc.

10/23/23 4:37:44 PM ET

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Campbell Soup Company (NYSE:CPB) today announced it has received a request for additional information from the Federal Trade Commission (FTC) as part of the agency's review of Campbell's proposed acquisition of Sovos Brands, Inc. (NASDAQ:SOVO). A second request for information is a common feature of the regulatory review for transactions of this type under the Hart-Scott-Rodino Antitrust Improvement Act.

The company now expects to complete this transaction in the next calendar year and will continue to engage with the FTC on their review with the objective of closing the transaction in mid-2024.

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
Campbell Soup Company $CPB	10/7/2024	$55.00 → $58.00	Mkt Perform → Outperform	Bernstein
Campbell Soup Company $CPB	9/27/2024	$51.00	Buy → Neutral	DA Davidson
Campbell Soup Company $CPB	9/20/2024	$59.00	Hold → Buy	Argus
Campbell Soup Company $CPB	6/26/2024	$45.00 → $52.00	Neutral → Overweight	JP Morgan
Campbell Soup Company $CPB	5/15/2024	$42.00 → $46.00	Underperform → Mkt Perform	Bernstein
Campbell Soup Company $CPB	3/13/2024	$49.00	In-line	Evercore ISI
Campbell Soup Company $CPB	3/1/2024	$48.00	Buy	DA Davidson
Campbell Soup Company $CPB	2/1/2024	$41.00	Sell	Citigroup

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Campbell Receives Second Request From FTC Under HSR Act For Proposed Acquisition Of Sovos Brands, Inc.

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Recent Analyst Ratings for $CPB$SOVO

$CPB$SOVO Press Releases

Fastest customizable press release news feed in the world

Campbell's and Partners Receive $3.4 Million USDA Grant to Support Sustainable Tomato-Growing Practices in California

Campbell's® Third Annual State of the Sides Report: Celebrating the Shared Love of Side Dishes Across America

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$CPB$SOVO Large Ownership Changes

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SEC Form SC 13G/A filed by Sovos Brands Inc. (Amendment)

SEC Form SC 13G/A filed by Campbell Soup Company (Amendment)

SEC Form SC 13G/A filed by Sovos Brands Inc. (Amendment)

$CPB$SOVO Analyst Ratings

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$CPB$SOVO SEC Filings

SEC Form DEFA14A filed by Campbell Soup Company

SEC Form DEF 14A filed by Campbell Soup Company

SEC Form 8-K filed by Campbell Soup Company

$CPB$SOVO Insider Trading

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EVP, Chief People&Culture Ofcr Johnson May Diane covered exercise/tax liability with 1,551 shares, decreasing direct ownership by 2% to 76,747 units (SEC Form 4)

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