Campbell Soup close to another asset sale

|About: Campbell Soup Company (CPB)|By:, SA News Editor

Campbell Soup (CPB +0.7%) is close to selling its fresh food unit to a group of investors led by former Bolthouse CEO Jeff Dunn, sources tell The Wall Street Journal.

The long-anticipated deal is expected to fetch about $500M for the company, far less than the $1.55B paid out by Campbell Soup for just the Bolthouse business in 2012.

Campbell Soup is expected to shed more assets.

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