Camden / NJ. (csc) Campbell Soup Company announced it has received a request for additional information from the Federal Trade Commission (FTC) as part of the agency’s review of Campbell’s proposed acquisition of Sovos Brands Inc.. A second request for information is a common feature of the regulatory review for transactions of this type under the Hart-Scott-Rodino Antitrust Improvement Act. The company now expects to complete this transaction in the next calendar year and will continue to engage with the FTC on their review with the objective of closing the transaction in mid-2024.
Headquartered in Louisville (CO), Sovos Brands announced last week, that its stockholders at a Special Meeting approved the previously announced acquisition by Campbell. 92.38 percent of the Company’s outstanding shares were voted, with 99.99 percent of the votes cast in favor of the proposal.