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Sovos Brands (SOVO) has shared an update.
On March 12, 2024, Campbell completed its acquisition of Sovos Brands, with Sovos becoming a wholly-owned subsidiary of Campbell. This strategic move in the financial market involved the payment of $23.00 per share to Sovos stockholders and the conversion or cancellation of various equity awards. In tandem with the merger, Sovos settled all outstanding debts under its previous credit agreements and notified NASDAQ to halt trading and delist its stock, signaling a significant shift in the company’s financial landscape.
Learn more about SOVO stock on TipRanks’ Stock Analysis page.