Campbell's makes saucy purchase, buys out Rao's for $2.7 billion

Campbell's makes saucy purchase, buys out Rao's for $2.7 billion

Newsy

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ViewThe Campbell Soup Company announced Monday it is acquiring Sovos Brands, which makes the popular pasta sauce Rao's, with an all-cash $2.7 billion offer. 

Campbell's said acquiring Rao's "adds a high-growth, market-leading premium portfolio of brands to diversify and enhance Campbell’s Meals & Beverages division."...

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