---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-011620"
form_type: "8-K"
ticker: "CPB"
cik: "0000016732"
company_name: "CAMPBELL'S Co"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:26:42.673745+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Campbell Soup to acquire Sovos Brands for $2.7B enterprise value

## Summary
- Campbell to acquire Sovos Brands for $23.00/share in cash; total enterprise value of $2.7B.
- Implied multiple of 14.6x adjusted EBITDA including ~$50M in planned synergies; expected to be accretive in Year 2.
- Supporting shareholders covering ~34% of Sovos shares have entered into voting agreements to support the deal.
- Projected net leverage at closing ~4x; capital allocation priorities remain unchanged.
- Closing subject to Sovos shareholder approval, HSR clearance, and other customary conditions.

## SEC filing metadata
- accession: 0000950103-23-011620
- form_type: 8-K
- ticker: CPB
- cik: 0000016732
- company_name: CAMPBELL'S Co
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16732/000095010323011620/0000950103-23-011620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16732/000095010323011620/dp198090_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-011620
- JSON: https://secwatch.observer/filing/0000950103-23-011620.json
- Plain text: https://secwatch.observer/filing/0000950103-23-011620.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.