Campbell Soup receives FTC second request for Sovos acquisition; closing expected mid-2024

CAMPBELL'S Co

FTC issued Second Request for additional information in review of Campbell's proposed acquisition of Sovos Brands.
Receipt extends HSR waiting period until 30 days after substantial compliance by both parties.
Campbell now expects the transaction to close in 2024, targeting mid-2024.
Campbell and Sovos will continue to cooperate with the FTC during its review.

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