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Moody's Investors Service, Inc. ("Moody's") today confirmed Campbell Soup Company's ("Campbell") senior unsecured debt rating at Baa2 and its commercial paper rating at Prime-2. The ratings outlook is negative. The review was prompted by an unexpectedly sharp decline in profitability in Campbell's fiscal third quarter and the sudden resignation of the company's Chief Executive Officer.
Approximately $10 billion of debt instruments affected. New York, May 21, 2018 -- Moody's Investors Service, Inc. ("Moody's") today placed all the ratings of Campbell Soup Company ("Campbell") under review for downgrade. This includes the company's Baa2 senior unsecured debt rating and Prime-2 short-term rating.
Campbell Soup Co said on Thursday it would reorganize its businesses, giving newly-appointed Chief Operating Officer Luca Mignini more control over its main units, including soup, simple meals and shelf-stable beverages. The company also said Mignini would continue to head its global biscuits and snacks businesses under the newly-created position. Under Mignini, the biscuits and snacks unit, which makes Pepperidge Farm cookies and Arnott's biscuits, has recorded steady growth, accounting for nearly a third of the company's total sales.
The acquisition closed for $50 per share in an all-cash transaction, which represents a value of about $6.1 billion.
The maker of Lance peanut butter sandwich crackers and Snyder's of Hanover pretzels is set to be taken over by one of the largest U.S. packaged food companies. Charlotte-based snack maker Snyder's-Lance ...
NEW YORK , March 21, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: S&P SmallCap 600 constituent Evercore Inc. (NYSE: EVR) will replace ...
Moody's Investors Service ("Moody's") assigned Baa2 ratings to approximately $5 billion of new senior unsecured notes being offered today by Campbell Soup Company ("Campbell") in seven ...
Moody's Investors Service, Inc. ("Moody's") today downgraded the senior unsecured debt rating of Campbell Soup Company ("Campbell") to Baa2 from A3 and revised the rating outlook to ...
The Charlotte, North Carolina-based company said it had profit of $1.93 per share. Earnings, adjusted for one-time gains and costs, were 33 cents per share. The snack maker posted revenue of $551.6 million ...
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Snyder’s-Lance Inc (NASDAQ:LNCE) with a market-capitalization of US$4.91B, rarely draw their attention. While they are less talkedRead More...
The soup and snacks manufacturer has been mired in the task of updating its product lines to suit contemporary tastes, but it's starting to make tangible progress.
NEW YORK, NY / ACCESSWIRE / January 29, 2018 / Wolf Haldenstein Adler Freeman & Herz LLP and Monteverde & Associates PC announce the filing of a class action against Snyder's-Lance, Inc. (NASDAQ: LNCE) ...
The Law Offices of Vincent Wong are investigating the Board of Directors of Snyder’s-Lance for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Campbell Soup Company Under the terms of the deal, Snyder’s-Lance shareholders will receive $50 for each Snyder’s-Lance share they own.
NEW YORK , Dec. 28, 2017 /PRNewswire/ -- Almost Family, Inc. (AFAM) Lifshitz & Miller announces investigation into possible breaches of fiduciary duties by the board in connection with the proposed sale ...
The Law Offices of Vincent Wong are investigating the Board of Directors of Snyder’s-Lance for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Campbell Soup Company .
Major mergers always draw shareholder challenges, and Campbell Soup Co.’s blockbuster $4.9 billion purchase of Snyder’s-Lance Inc. is no exception. “Our investigation has determined that the offer price of only $50 per share, unfairly under-values ... Snyder’s-Lance and that shareholders may not be receiving the maximum value for their shares,” New York based Tripp Levy asserts in its solicitation. The purchase price at $50 a share is just a little under a 7% premium from Snyder’s-Lance’s close at $46.79 on Dec. 15, the last trading day before the deal was announced Dec. 18.