POTENTIAL DEAL DETAILS
Stock | Campbell Soup Company | Symbol | CPB |
Date Announced | 08/30/2018 | Source | Reuters |
Type | Company Seeking Strategic Alternatives |
Campbell Soup Co (CPB) said on Thursday it plans to sell its international and fresh refrigerated-foods units and left open the possibility of putting the whole company up for sale, following a months-long review and pressure from hedge fund investors.
Update(s):
November 20, 2018: Australian buyout firm Pacific Equity Partners is also considering an offer for the Campbell Soup Co. (CPB) brands, which may fetch as much as $3 billion, according to the people.
November 26, 2018: Campbell Soup Co. (CPB) is nearing a deal with Dan Loeb that would put an end to their proxy fight and see two of the activist investor’s nominees appointed to the board, according to people familiar with the matter.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.