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Last $45.74 USD
Change Today +0.19 / 0.42%
Volume 1.2M
CPB On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

campbell soup co (CPB) Key Developments

Campbell Is Reportedly Viewed As A Potential Acquisition Target For Berkshire Hathaway

An afternoon spike in shares of Campbell Soup Company (NYSE:CPB) followed a mention of the company being viewed as a potential acquisition target for Berkshire Hathaway Inc. (NYSE:BRK.A) in The Deal, according to contacts.

Campbell Announces New Solar Array at Pepperidge Farm Bakery in Bloomfield

Campbell Soup Company announced that a 1-megawatt (MW) solar array at its Pepperidge Farm bakery in Bloomfield has officially come online. Commercial operation for the solar array, which is generating the equivalent of 15% of the bakery's annual energy demand, began on Dec. 26, 2014. The ground-mounted, fixed-tilt array comprises 2,720 high-efficiency SunPower solar panels and sits on five acres of land leased from Pepperidge Farm. In its first year, the array is projected to produce more than 1.7MM kilowatt-hours of electricity. The solar array in Bloomfield is the second large to be installed at facilities owned by Campbell, Pepperidge Farm's parent company, and it is one of the very few solar arrays operating at manufacturing sites in the industry. The Bloomfield array marks the latest step in the company's sustainability initiatives to support the use of renewable energy. By 2020, Campbell aims to reduce energy use by 35% per ton of product produced and source at least 40% of the energy used by the company from renewable or alternative energy sources.

Campbell Soup Company Appoints Ed Carolan as Senior Vice President of Integrated Global Services, Effective April 1, 2015

Campbell Soup Company announced the appointment of Ed Carolan as Senior Vice President of Integrated Global Services (IGS). Carolan, who currently serves as Campbell’s President, U.S. Retail, will report to Campbell’s President and Chief Executive Officer Denise Morrison and become a member of Campbell's Leadership Team. His promotion is effective April 1, 2015.

Campbell Soup Company Declares Regular Quarterly Dividend, Payable on May 4, 2015

The Board of Directors of Campbell Soup Company declared a regular quarterly dividend on Campbell’s capital stock of $0.312 per share. The quarterly dividend is payable May 4, 2015, to shareholders of record at the close of business April 13, 2015.

Campbell Soup Company Mulls Acquisitions

Campbell Soup Company (NYSE:CPB) is seeking acquisitions. GlycoMimetics, Inc. has fixed-income offering and said in Sec Form S-3, “Unless we describe a different use of proceeds from an offering in the related prospectus supplement, we intend to use the net proceeds from the sales of the debt securities offered by this prospectus to repay short-term debt, to reduce or retire from time to time other indebtedness and for other general corporate purposes, including working capital, acquisitions and other business opportunities.”

 

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