Campbell sells Arnott’s

Campbell Soup Company has agreed to sell Arnott’s to global investment firm KKR and is entering into a long-term licensing arrangement with the firm for the exclusive rights to use certain Campbell brands, including Campbell's, Swanson, V8, Prego, Chunky and Campbell’s Real Stock, in Australia, New Zealand, Malaysia and other select markets in Asia, Europe, the Middle East and Africa. The $2.2 billion cash transaction is subject to customary purchase price adjustments.