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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

47.39USD
19 Jan 2018
Change (% chg)

$1.14 (+2.46%)
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Latest Key Developments (Source: Significant Developments)

Campbell Soup Says Entered Into Three-Year Credit Agreement With Credit Suisse, Cayman Islands Branch ‍​
Saturday, 30 Dec 2017 

Dec 29 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - ENTERED INTO A THREE-YEAR CREDIT AGREEMENT WITH CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH ‍​.CAMPBELL SOUP - SUBJECT TO TERMS OF AGREEMENT, LENDERS PROVIDED CO WITH SINGLE DRAW, UNSECURED, SENIOR TERM LOAN CREDIT FACILITY OF $1.20 BILLION.CAMPBELL SOUP- PROCEEDS OF LOANS UNDER CREDIT AGREEMENT CAN ONLY BE USED FOR ACQUISITION BY CO OF SNYDER'S-LANCE, PAYMENT OF RELATED FEES - SEC FILING.  Full Article

Campbell Soup Co Says Snyder's-Lance Deal Represents Enterprise Value Of About $6 Bln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - SNYDER'S-LANCE DEAL REPRESENTS ENTERPRISE VALUE OF ABOUT $6 BILLION - SEC FILING‍​.CAMPBELL SOUP CO - SNYDER'S-LANCE DEAL EXPECTED TO BE 5-7% ACCRETIVE TO FY 2019 EPS.CAMPBELL SOUP-UNDER MERGER AGREEMENT, SNYDER'S-LANCE WILL PAY A TERMINATION FEE OF $149 MILLION TO CO IF DEAL IS TERMINATED DUE TO CERTAIN CONDITIONS‍​.CAMPBELL SOUP-UNDER MERGER AGREEMENT, CO WOULD PAY A TERMINATION FEE OF $50 MILLION TO SNYDER'S-LANCE, IN CERTAIN CIRCUMSTANCES, IF DEAL IS TERMINATED.CAMPBELL SOUP CO SAYS $275 MILLION - $325 MILLION OF EXPECTED ONE-TIME COSTS FROM SNYDER'S-LANCE DEAL.  Full Article

Campbell To Acquire Snyder’S-Lance, Inc For $4.87 bln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Snyder's-Lance Inc ::CAMPBELL TO ACQUIRE SNYDER’S-LANCE, INC. TO EXPAND IN FASTER-GROWING SNACKING CATEGORY.SNYDER'S-LANCE INC - DEAL FOR ‍$50.00 PER SHARE IN AN ALL-CASH TRANSACTION​.SNYDER'S-LANCE INC - ‍EXPECTS APPROXIMATELY $170 MILLION IN COST SYNERGIES BY END OF FISCAL 2022​.SNYDER'S-LANCE INC - CAMPBELL PLANS TO FINANCE ACQUISITION THROUGH $6.2 BILLION OF DEBT COMPRISING A COMBINATION OF LONG-TERM AND SHORT-TERM DEBT.SNYDER'S-LANCE INC - ‍EXPECTS APPROXIMATELY $170 MILLION IN COST SYNERGIES BY END OF FISCAL 2022 FROM DEAL​.SNYDER'S-LANCE INC - ‍CAMPBELL'S ANNUAL NET SALES EXPECTED TO EXCEED $10 BILLION​.SNYDER'S-LANCE INC - ‍ACQUISITION EXPECTED TO BE ACCRETIVE TO CAMPBELL'S EARNINGS PER SHARE IN FISCAL 2019​.SNYDER'S-LANCE INC - ‍SNYDER'S-LANCE WILL BECOME PART OF CAMPBELL'S GLOBAL BISCUITS AND SNACKS DIVISION​.SNYDER'S-LANCE INC - ‍CAMPBELL WILL SUSPEND SHARE REPURCHASES TO MAXIMIZE FREE CASH FLOW FOR PURPOSES OF PAYING DOWN DEBT​.SNYDER'S-LANCE INC - ‍CAMPBELL ALSO EXPECTS TO MAINTAIN ITS CURRENT DIVIDEND POLICY​.SNYDER'S-LANCE INC - SOME MEMBERS OF WAREHIME FAMILY, WHO OWN 13.2 PERCENT OF CO'S STOCK, HAVE AGREED TO VOTE THEIR SHARES IN SUPPORT OF DEAL.SNYDER'S-LANCE INC - ‍ ACQUISITION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES​.SNYDER'S-LANCE -WITH ADDITION OF CO'S COMPLEMENTARY PORTFOLIO, SNACKING WOULD REPRESENT ABOUT 46 PERCENT OF CAMPBELL'S ANNUAL NET SALES ON PRO FORMA BASIS​.  Full Article

Campbell Soup In Advanced Talks To Acquire Snyder's-Lance - CNBC
Saturday, 16 Dec 2017 

Dec 15 (Reuters) - :CAMPBELL SOUP IN ADVANCED TALKS TO ACQUIRE SNYDER'S-LANCE IN A DEAL THAT COULD BE ANNOUNCED AS SOON NEXT WEEK‍​ - CNBC, CITING SOURCES.  Full Article

Campbell reports Q1 adjusted earnings per share of $0.92
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Campbell Soup Co :Campbell reports first-quarter results.Q1 adjusted earnings per share $0.92.Q1 earnings per share $0.91.Q1 earnings per share view $0.97 -- Thomson Reuters I/B/E/S.Q1 sales $2.161 billion versus I/B/E/S view $2.17 billion.Campbell Soup Co - ‍updates fiscal 2018 guidance​.Campbell Soup Co - ‍for full fiscal year, Campbell still expects year-over-year change in net sales to be -2 to 0 percent​.Campbell Soup Co - ‍current quarter included pre-tax charges related to cost savings initiatives of $19 million, or $0.04 per share​.Campbell Soup Co - qtrly‍ Americas Simple Meals and Beverages sales decreased 5 percent to $1.218 billion​.Campbell Soup Co qtrly ‍sales of U.S. Soup decreased 9 percent​.Campbell Soup - ‍for full fiscal year lowered earnings outlook & now expects adjusted EBIT to change by -4 to -2 percent and adjusted EPS to change by -3 to -1 percent​.Campbell Soup Co - sees fiscal 2018 ‍adjusted EPS to change by -3 to -1 percent, or $2.95 to $3.02 per share​.Campbell Soup Co says "‍this was a difficult quarter, particularly for our U.S. Soup business​".Campbell Soup- ‍change in guidance for adjusted EBIT,adjusted EPS due primarily to co's gross margin performance in Q1 & revised outlook for balance of fiscal year​.Campbell Soup - ‍"operating environment remains volatile with a rapidly evolving retailer landscape and competitive activity pressuring the top line​".FY earnings per share view $3.05 -- Thomson Reuters I/B/E/S.  Full Article

Campbell Soup- CEO's FY2017 compensation was $8.9 mln vs. $12.9 mln in 2016
Saturday, 7 Oct 2017 

Oct 6 (Reuters) - Campbell Soup Co :Campbell Soup Co says CEO Denise Morrison‍​'s FY 2017 total compensation was $8.9 million versus $12.9 million in FY 2016 - SEC filing.  Full Article

Campbell Soup files for potential debt offering
Tuesday, 11 Jul 2017 

July 10 (Reuters) - Campbell Soup Co ::Campbell soup co files for potential debt offering; size not disclosed - sec filing.  Full Article

Campbell to acquire Pacific Foods for ‍$700 mln in cash​
Friday, 7 Jul 2017 

July 6 (Reuters) - Campbell Soup Co ::Campbell to acquire Pacific Foods to expand in faster-growing health and well-being categories.Campbell to acquire Pacific Foods to expand in faster-growing health and well-being categories.Campbell Soup Co - deal for ‍$700 million in cash​.Campbell Soup Co - plans to fund acquisition through a combination of short- and long-term debt.Pacific foods will become part of Campbell's Americas simple meals and beverages division.Campbell soup - deal to be neutral to earnings in first 12 months following closing, excluding certain items.Campbell plans to continue to operate pacific foods out of tualatin.Campbell soup co - acquisition is not subject to any financing condition..  Full Article

Campbell Soup Company makes strategic investment in Chef'd
Wednesday, 24 May 2017 

May 24 (Reuters) - Campbell Soup Co : :Campbell Soup Company makes strategic investment in Chef'd.Campbell soup co - announced a strategic partnership and investment of $10 million in Chef'd.Campbell Soup Co - with investment, Campbell will become Chef'd's largest strategic investor and will receive a seat on company's board of directors.Campbell Soup Co - Chef'd will help with infrastructure and distribution of meal solutions through Campbell's kitchen site.  Full Article

Campbell Soup CEO says made changes to Campbell Fresh management
Thursday, 1 Sep 2016 

Campbell Soup Co : CEO on conf call- Bolthouse Farms Protein Plus drinks accounts for about 15% of Bolthouse business . CEO - made major organizational changes under Campbell Fresh, several senior mangers no longer with co, including president of Bolthouse . CEO - our examination into recall identified our manufacturing equipment and process as primary cause of spoilage . CEO - Protein Plus production hasn't returned to pre-recall levels due to new operating procedures put in place . CEO - expect supply of Bolthouse Protein Plus will be impacted through end of calendar year 2016 . CEO - farms operation harvested carrots prematurely, resulting in smaller carrots which led to customer dissatisfaction , loss of business . Will take time to regain lost carrot business, now expect FY2017 carrot sales to be comparable to 2016 rather than benefiting from recovery from last year's issues . Expect Campbell Fresh sales to be down in 1st half of fy2017 . Expect soup business to grow in fy2017 . Have bolstered Campbell Fresh leadership team by adding more senior finance, human resources and sales executives . Have strengthened integration and oversight of the Campbell Fresh supply chain Further company coverage: [CPB.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-Campbell Soup Says Entered Into Three-Year Credit Agreement With Credit Suisse, Cayman Islands Branch ‍​

* CAMPBELL SOUP CO - ENTERED INTO A THREE-YEAR CREDIT AGREEMENT WITH CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH ‍​