Deals
Campbell Soup Gains on Report That 3G Is Hungry for Deals
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Campbell Soup Co. shares jumped the most in more than 10 months after a report that it might be a takeover target for 3G Capital Partners, the Brazilian buyout firm that previously acquired H.J. Heinz Co. and Tim Hortons Inc.
Campbell rose 4.4 percent to $44.94 at the close in New York, the biggest gain since Feb. 14. 3G investors could use a new buyout fund for acquisitions of Campbell or PepsiCo Inc., the Wall Street Journal reported yesterday. Shares of PepsiCo also gained, along with other food and beverage stocks.