CPB Campbell Soup Co

--Mondelez International Inc. (MDLZ) has hired Morgan Stanley to evaluate a potential bid for Campbell Soup Co.'s (CPB) Arnott's Biscuits and Kelsen Group units, Bloomberg News reported Monday.

--In August, Campbell said it planned to sell its fresh-foods and international units and focus on North American meals, beverages and snacks. CNBC reported earlier this month that Mondelez was pursuing Arnott's.

--The Bloomberg report Monday said Kelsen and Arnott's could be sold for up to $3 billion combined.

Full story at https://www.bloomberg.com/news/articles/2018-11-19/mondelez-is-said-to-hire-morgan-stanley-to-study-tim-tam-bid

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

November 19, 2018 15:38 ET (20:38 GMT)

Campbell Soup (NYSE:CPB)
Historical Stock Chart
From Mar 2024 to Apr 2024

Campbell Soup (NYSE:CPB)
Historical Stock Chart
From Apr 2023 to Apr 2024