(Reuters) -Packaged food maker Campbell Soup said on Monday it would acquire Sovos Brands for $2.33 billion.
Campbell will pay $23 per share in cash for the pasta sauce maker, representing a nearly 28% premium on the stock’s last close.
The deal would help Campbell diversify its meals & beverages division, the company said in a statement.
(Reporting by Savyata Mishra in Bengaluru; Editing by Savio D’Souza and Shweta Agarwal)
