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Campbell Soup expects to close the Sovos Brands deal 'within days' of March 11. (Financial Sponsors)
Bristol Myers is tapping US high-grade bond market to fund M&A.
CVC last bidder in Bundesliga rights sale, Germany's DFL says. (FS)
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Campbell Soup said on February 13 that it expects to close its $2.3bn acquisition of Rao's Homemade items owner Sovos Brands within days of March 11 after receiving a certification of compliance from the United States Federal Trade Commission, Reuters reported.
The FTC had requested additional information on the transaction in October last year as part of its review of Campbell's proposed acquisition of Sovos, a premium Italian sauces maker.
Sovos Brands is advised by Centerview Partners (led by Tony Kim), 高盛 (led by Timothy Ingrassia), Cooley LLP (led by Jamie Leigh ), 霍金路伟 (led by Keith Flaum , Richard Climan , and Jalpit Amin ), and Richards, Layton & Finger . Financial advisors are advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Alexandra McCormack and Paul Schnell). Campbell Soup Company is advised by Evercore and Davis Polk & Wardwell LLP (led by Daniel Brass and John D. Amorosi). Advent International is advised by Weil, Gotshal & Manges LLP (led by Ramona Nee and James Griffin) and FGS Global (led by Zachary Tramonti ).
BAE Systems has now received necessary regulatory approvals to successfully complete the acquisition of Ball Aerospace , which will add market-leading space and defense capabilities to the company's portfolio of products and services.?
In the coming days, BAE Systems and Ball Corporation will be executing the steps needed to complete the transaction and close on the Ball Aerospace acquisition.
Ball is advised by 摩根士丹利 , Axinn, Veltrop & Harkrider LLP (led by?Nick Gaglio) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Shilpi Gupta and David Clark). BAE Systems is advised by 美国银行 (led by Steven Baronoff), 花旗 (led by Philip Drury), and 年利达 (led by Toby Grimstone and?Atish Shah).?
Armis , an asset intelligence cybersecurity company, agreed to acquire Cyber Threat Cognitive Intelligence, a privately held company specializing in AI-powered pre-attack threat hunting technology. Financial terms were not disclosed.
"In the face of continued, escalating cyber threats we recognize the importance of preempting an attack. It is time for the security community to redefine our operating paradigm by proactively finding and stopping attacks rather than taking action once the attack is launched. This acquisition signals our unwavering commitment to be the core platform that manages the entire attack surface. Enterprises and organizations leveraging Armis Centrix? for Actionable Threat Intelligence will lead from a position of strength in managing their cyber exposure," Yevgeny Dibrov, Armis CEO and Co-Founder.
Bristol Myers is tapping US high-grade bond market to fund M&A.
百时美施贵宝 is selling corporate bonds on February 14 to help finance its acquisitions of Karuna Therapeutics and RayzeBio , Bloomberg reported.
The drugmaker is marketing US investment-grade bonds in as many as nine parts, with the longest portion, a 40-year note, being pitched to investors at a yield of around 160 basis points over Treasuries. The company is said to be targeting $13bn.
CVC last bidder in Bundesliga rights sale, Germany's DFL says. (FS)
CVC is the last remaining candidate in German football's planned media rights partnership after US financial investor Blackstone dropped out, the DFL Deutsche Fu?ball Liga ?said on February 14, Reuters reported.
"Blackstone is no longer an option as a strategic marketing partner for the Bundesliga and Bundesliga 2 for several reasons following good discussions. The process will continue with CVC according to the planned schedule,"?DFL.
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