---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-311905"
form_type: "8-K"
ticker: "CPB"
cik: "0000016732"
company_name: "CAMPBELL'S Co"
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:48:16.810290+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Campbell's acquires 49% stake in Rao's sauce producer La Regina for $286M

## Summary
- Total consideration $286M: $146M cash at close, $140M payable in cash or stock on first anniversary.
- La Regina exclusively produces all Rao's tomato-based pasta sauces for Campbell's.
- Remaining 51% of La Regina subject to call option for Campbell's and put option for sellers.
- Campbell's may issue up to $140M in stock for second tranche or option exercise; capped at 19.9% of outstanding shares.
- Transaction expected to close by June 8, 2026, subject to customary conditions.

## SEC filing metadata
- accession: 0001193125-25-311905
- form_type: 8-K
- ticker: CPB
- cik: 0000016732
- company_name: CAMPBELL'S Co
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16732/000119312525311905/0001193125-25-311905-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16732/000119312525311905/d23938d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-311905
- JSON: https://secwatch.observer/filing/0001193125-25-311905.json
- Plain text: https://secwatch.observer/filing/0001193125-25-311905.txt

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