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CAMDEN, N.J.-- Campbell Soup Co. said Monday that it will buy Danish snack company Kelsen Group A/S from private-equity firm Maj Invest and several other investors for an undisclosed sum. The deal will help Campbell expand its global snacks business, which includes brands such as Pepperidge Farm in the U.S. and Arnott's biscuits in Australia.
May 23- Campbell Soup Co said on Thursday it had agreed to buy organic baby food maker Plum Organics, as the company behind Goldfish crackers and Campbell's Soup seeks to expand its offerings to the youngest consumers.
*Yahoo's board approves $1.1 bln Tumblr acquisition. *Actavis to acquire Warner Chilcott in stock-for-stock deal. Deals including Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record highs, a bullish sign for stocks.
U.S. stock market index futures were slightly lower Monday, after major averages finished higher for the fourth-consecutive week, amid ongoing concerns the Federal Reserve may begin to taper off its quantitative easing program sooner than expected.
May 20- Campbell Soup Co reported higher-than-expected quarterly earnings and raised its full-year forecast on Monday on improved sales, sending its shares up 2.5 percent in premarket trading.
Some of the names on the move ahead of the open.
May 20- Campbell Soup Co reported higher-than-expected quarterly earnings on Monday and raised its full-year forecast as it works to improve its soup and sauce offerings. The world's largest soup maker said net income rose to $181 million, or 57 cents per share, in the fiscal third quarter ended April 28, from $177 million, or 55 cents per share, a year earlier.
The world's largest soup maker said net income was $181 million, or 57 cents per share, in the fiscal third quarter ended April 28, up from $177 million, or 55 cents per share, a year earlier.
If earnings are driving the rally, then next week is going to be very telling. "I want to be careful of some stocks," Cramer said.
The San Juan Bautista, California- based company, whose investors include private equity firm Kainos Capital, has hired Barclays to sell the company in a deal that could be worth $600 million to $700 million, the sources said on Monday. In July 2012, high-end juice maker Bolthouse Foods was acquired by Campbell Soup Co for $1.6 billion, about 11 times EBITDA.
Decades after downing their first juice boxes, health-conscious Americans are showing renewed enthusiasm for cold-pressed juice, a trend that's prompting big investors to follow in search of profits.
April 26- Avon Products Inc said on Friday that longtime board member Fred Hassan resigned from its board to focus on his other professional commitments and that Doug Conant was taking over the role of nonexecutive chairman.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Cyprus's parliament will vote Sunday on whether savers must pay a levy on bank deposits under terms for an international bailout. Approval is far from certain.
The $23 billion buyout of H.J. Heinz by Warren Buffett and private equity put food executives on notice: start showing better results or risk being left behind. Campbell Soup has long been seen as a good candidate, though roughly half of its stock is controlled by heirs of John Dorrance, who invented condensed soup.
Stocks recovered from their lows Friday to close narrowly mixed, but the S&P 500 managed to pull off its seventh-straight week higher.
Feb 15- Campbell Soup reported a higher-than-expected profit for its fiscal second quarter on Friday but did not raise its full-year outlook, saying the back half should bring a steeper tax rate and smaller boost from share buybacks. Overall, net sales increased 10 percent to $2.33 billion, due mostly to the company's recent acquisition of Bolthouse Farms.
Feb 15- Campbell Soup reported a higher-than-expected quarterly profit on Friday as gains in its soup and snacks businesses offset a decline in its drinks unit. Overall, net sales increased 10 percent to $2.33 billion, due mostly to the company's recent acquisition of Bolthouse Farms.
U.S. stock index futures were narrowly mixed Friday as investors hesitated to jump in as finance ministers and central banks from the Group of 20 met in Moscow amid growing worries over a currency war.
Feb 15- Campbell Soup reported higher-than-expected quarterly profit on Friday, helped by its recent acquisition of Bolthouse Farms. Excluding restructuring and other charges, the maker of V8 juice and Campbell Soup earned 70 cents per share.