Campbell To Acquire Rao’s Parent Sovos Brands For $2.33 Billion

NEW YORK, NEW YORK - AUGUST 07: Cans of Campbell soup are displayed along a grocery store's shelves on August 07, 2023 in New York City. U.S. packaged food maker Campbell Soup has announced that it will be buying Michael Angelo's and Rao's owner Sovos Brands (SOVO.O) for $2.33 billion in cash. This would be Campbell's largest acquisition since it paid $4.87 billion to buy pretzel leader Snyder's-Lance in 2018. (Photo by Spencer Platt/Getty Images)
Campbell To Acquire Rao’s Parent Sovos Brands For $2.33 Billion