Campbell Soup Co said it was in final negotiations with private equity firm CVC Capital Partners for the sale of some of its businesses in Europe. The company did not disclose the terms of the potential deal.Under the proposed deal, the company will sell certain brands of soups, sauces and simple meals, including Liebig and Royco in France, Erasco in Germany, Bl� Band in Sweden and Devos Lemmens and Royco in Belgium. It will also sell four plants.The businesses included in the proposed deal generate annual net sales of about $530 million, the company said in a statement.
Campbell Soup Company (Campbell), together with its subsidiaries, is a manufacturer and marketer of branded convenience food products. Shares of CPB remained unchanged at $47.74. In the past year, the shares have traded as low as $33.85 and as high as $48.83. On average, 1411680 shares of CPB exchange hands on a given day and today's volume is recorded at 0.
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