Campbell's closing of $2.33 billion Sovos deal pushed to 2024
© Reuters. FILE PHOTO: Cans of Campbell's Soup are displayed in a supermarket in New York City, U.S. February 15, 2017. REUTERS/Brendan McDermid/File Photo) said on Monday its $2.33 billion acquisition of Rao's owner Sovos Brands was delayed until next year after the U.S. Federal Trade Commission asked for more details on the deal.
In August, Campbell agreed to buy the premium sauces maker to beef up its meals and beverages business and was expecting to close the transaction by the end of December.
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