Campbell's agrees to buy 49% of Rao's pasta sauce supplier La Regina for $286 million
Campbell's subsidiaries signed agreements on December 8, 2025 to acquire 49% stakes in La Regina, the company that currently produces all of Campbell's Rao's tomato-based pasta sauces. The total consideration is $286 million, with $146 million due in cash at closing and $140 million due on the first anniversary of closing, payable in cash or unregistered Campbell's shares at the company's discretion.
Key points
- Total consideration is $286 million: $146 million in cash at closing and a $140 million second tranche due on the first anniversary of closing
- Campbell's may pay the second tranche in cash or in unregistered shares, capped at 19.9% of outstanding capital stock
- Remaining 51% stake is subject to call and put options, with the total equity consideration capped at $140 million
- Deal is subject to customary closing conditions and has a long-stop outside date of June 8, 2026
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 09, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.