A little over a month after Campbell Soup announced that it would undertake a strategic review, a major player is interested in the company.
Kraft Heinz is “very much interested in buying Campbell, according to the New York Post, and Campbell will start a sales process soon.
Further, there could be another interested party with deep pockets: General Mills.
As previously reported by FOX Business, when Campbell Soup announced that it would undertake a strategic review, its CEO Denise Morrison left the company. Kevin McLoughlin, a board member, is serving as CEO in the interim – and the results of the strategic review are expected in August.
Campbell Soup shares were rallying on Monday. If the rally continues, the company may post its largest percent increase on record. The current record is May 24, 2000, when shares rose 11.21%.
Prior to Monday’s move higher Campbell Soup shareshad fallen about 20% this year. The company completed its $6.1 billion buyout of Snyder’s-Lance in March.
By Leia Klingel
Source: Fox Business
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
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