Campbell Soup Company Buyback
OLI recorded this information on 3/22/2017
Campbell Soup Company
The Board of Directors of Campbell Soup Company (NYSE:CPB) today authorized a new share repurchase program. Under the new program, Campbell is authorized to purchase up to $1.5 billion of its outstanding shares in open market or privately negotiated transactions. The program is effective as of May 1, 2017, and has no expiration date, but it may be suspended or discontinued at any time.
Campbell Soup is a manufacturer and marketer of food and beverage products. Co.'s reportable segments are: Meals and Beverages, which includes the retail and foodservice businesses in the U.S. and Canada, and the products include Swanson broth and stocks, Prego pasta sauces, and Campbell's tomato juice; and Snacks, which consists of Pepperidge Farm cookies, crackers, fresh bakery and frozen products in U.S. retail, including Milano cookies and Goldfish crackers, and Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and other snacking products in the U.S. and Canada.
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Hold (1.90 out of 4)