Explore stories from Atlantic Canada.
Prelude to the Best Sommelier of Canada Contest | SaltWire - Campbell Soup 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.
Campbell said the request for additional information by the FTC was part of the agency's review of the transaction and was a common feature of a regulatory review. 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.
Campbell said on Monday it now expects to complete the transaction in mid-2024 and will continue to engage with the FTC on their review. A number of deals in technology and consumer sectors have come under regulatory scanner for their potential role of reducing competition in violation of antitrust laws.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Campbell's closing of $2.33 billion Sovos deal pushed to 2024Campbell said the request for additional information by the FTC was part of the agency's review of the transaction and was a common feature of a regulatory...
Read more »
Campbell's closing of $2.33 billion Sovos deal pushed to 2024Campbell said the request for additional information by the FTC was part of the agency's review of the transaction and was a common feature of a regulatory...
Read more »
Biden softens anti-oil stance ahead of 2024 electionThe energy sector has been abuzz with overwhelming returns for oil producers in 2022. President Biden does not appear to be pushing back against Big Oil...
Read more »
Running or not running: CBRM councillors have their say on the 2024 municipal electionExplore stories from Atlantic Canada.
Read more »
Running or not running: CBRM councillors have their say on the 2024 municipal electionExplore stories from Atlantic Canada.
Read more »