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Since 1869, Campbell (NYSE: CPB) has been connecting people through food they love. For generations, consumers have trusted Campbell to provide delicious and affordable food and beverages. We have two distinct divisions, Meals & Beverages and Snacks, concentrated in North America, each home to iconic and differentiated brands.


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Updates on Campbell’s Acquisition of Sovos Brands, Inc.

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As announced in a press release issued on October 23, 2023, Campbell 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. 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.

On October 16th, 2023, Sovos Brands, Inc. (Nasdaq: SOVO) announced that its stockholders approved the previously announced acquisition of the Company by Campbell Soup Company (NYSE: CPB). The closing of the transaction remains subject to various closing conditions, including regulatory approval.

On September 20th, 2023, the date the initial HSR waiting period was due to expire, Campbell’s pulled its filing as permitted under the HSR regulations in order to provide an additional 30-day waiting period to continue our productive engagement with the FTC. The company refiled the HSR on September 22, 2023, triggering the start of a new 30-day review. The company believes the additional waiting period will allow the FTC to complete routine parts of its review and enable the parties fully to respond to the agency’s expected questions. Allowing time for this continued engagement is in the best interests of ensuring as efficient a regulatory process as possible.

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