Campbell Soup Company (CPB) announced it has received a request for additional information from the Federal Trade Commission as part of the agency’s review of Campbell’s proposed acquisition of Sovos Brands (SOVO). 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.
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