U.S. Markets closed

Mondelez efforts to buy Arnott's cookie brands are in doubt as talks with Campbell stalemate

Lauren Hirsch

Mondelez, the lead contender for the sale of Campbell Soup's Arnott's cookie and crackers brands, has reached a stalemate with the packaged soup company, people familiar tell CNBC. The Oreo-owner submitted a final offer that was below Campbell's sale expectations of roughly $3 billion. It is common for there to be last minute negotiations over price in deal talks, and it is possible Mondelez and Campbell find a resolution.