Campbell Soup Company, which is over 115 years old is looking to expand in its biggest deal ever. The company, which is said to be the first company to can condensed soups over a century ago, is seeking to purchase Bolthouse Farms Inc.
Bolthouse Farms is a company that sells baby carrots, salad dressings, and “high-end juices.” Bolthouse currently supplies Campbell with carrots for its soups, and concentrate for its V8 juices.
According to the Wall Street Journal, Campbell is seeking ownership of Bolthouse Farms Inc. with an offering price of $1.55 billion in cash. Campbell is seeking to increase their profits after a reported 4% drop in stock value since last year. Today, Campbell was trading at about $27.28 a share.
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