Close the acquisition of Sovos Brands
Delivered after the deadline (72 days after the deadline)
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 7 Aug 2023
- Due
- 31 Dec 2023
- Delivered
- 12 Mar 2024
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Closing is expected by the end of December 2023.”
What we found
Evidence strength A What the grades mean
Campbell's announced an expectation to close the Sovos Brands acquisition by the end of December 2023, but the transaction did not close until March 12, 2024.
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A Campbell's 10-Q filed 2024-06-05
“On August 7, 2023, we entered into a merger agreement to acquire Sovos Brands, Inc. (Sovos Brands) for $23.00 per share. On March 12, 2024, we completed the acquisition.” ✓ confirmed on the page
Market reaction: the shares moved -4.0% against the S&P 500 over the three sessions around the disclosure (4 Jun 2024 to 7 Jun 2024). What this measures
Checked 19 Oct 2026.
Commitment lineage
Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.
- Deadline drift +71 days
- 3 versions
-
Version 1 · original · stated 7 Aug 2023
Deadline 31 Dec 2023 (“by the end of December 2023”) · wording expected
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Version 2 · stated 6 Dec 2023
Deadline 31 Dec 2024 (“calendar year 2024”) · wording expected
“continues to expect the acquisition of Sovos Brands, Inc. (Sovos Brands) to close in calendar year 2024.”
-
Version 3 · stated 6 Mar 2024
Deadline 11 Mar 2024 (“the week of March 11, 2024”) · wording expected
“Campbell expects to complete the acquisition of Sovos Brands, Inc. (Sovos Brands) the week of March 11, 2024.”
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- acquisition of Sovos Brands
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to Sovos Brands stockholder approval; customary closing conditions; regulatory approvals
- Depends on
- Regulatory, Shareholder, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2023-CPB-017104 · Corrections policy