KKR agrees to buy Campbell's international business [CNBC]
The Campbell's Company (CPB)
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Source: CNBC
KKR agrees to buy Campbell's international business KKR Campbell Soup The Australian U.S. "I can confirm that KKR's offer for Arnott's was accepted by Campbell's late last night," a KKR spokeswoman said in an emailed statement. The AFR newspaper said KKR had been told it had won an auction for the business overnight, beating Australian rival Pacific Equity Partners. Representatives for PEP did not immediately return requests for comment. The Campbell Soup spokeswoman declined to comment on the reports and said the U.S. company's Australian unit, Arnott's, had not yet been sold. "The process to divest Arnott's and the rest of our international operations is ongoing. We do not comment on rumor and speculation," she told Reuters. Campbell's international unit, along with its "fresh" business, was put up for sale in August last year after the company was pressured by investors to improve profitability and stock performance. Earlier this month, it sold its Danish unit Kelsen Group to an a
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CPB
Earnings
- 8/29/24 - Beat
CPB
Sec Filings
- 11/20/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/4/24 - Form 4
- CPB's page on the SEC website