Ponos Capital Announces Expiration of Offer for up to 5,952,381 Shares of Capital Stock of Campbell Soup Without Satisfaction of Tender Conditions

NEW YORK - Feb. 8, 2019 - PRLog -- Ponos Capital LLC ("Purchaser") announces that its previously-announced tender offer (the "Offer") to acquire up to 5,952,381 shares of capital stock (the "Shares") of Campbell Soup Company for $42.00 per Share (the "Offer Price") has expired without the conditions of the Offer being met.

The Offer was subject to closing conditions set forth in the Offer to Purchase, dated August 10, 2018, including the closing price of the Shares on the NYSE on the last full trading day prior to the Expiration Date exceeding the Offer Price and Purchaser obtaining financing necessary to fund Purchaser's financial obligations arising from the Offer.

The Offer was scheduled to expire at 5:00 p.m., New York City time, on Friday, February 8, 2019. Purchaser will not accept any tendered Shares for payment. All tendered Shares will be returned promptly to the holders.

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell shares or any other securities.

Ponos Capital LLC is a private investment company that specializes in investing in publicly traded securities whose value it expects to appreciate over a 12-month period.
End
Email:***@ponoscapital.com Email Verified
Tags:Campbell Soup Company, Ponos Capital
Industry:Finance
Location:New York City - New York - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse



Like PRLog?
9K2K1K
Click to Share