Mondelez will not be purchasing Campbell Soup’s Australian Arnott’s biscuit brand, according to people familiar with the matter, reports CNBC. Mondelez had previously submitted a final offer for the snack company, but it was reportedly below Campbell’s $3 billion asking price.
Campbell CEO Mark Clouse told analysts earlier Wednesday when delivering the company’s earnings that it is “evaluating multiple options with strategic and financial buyers” for the Arnott’s business. Full Story
from Industry Operations http://bit.ly/2WRFG9G
Mondelez Bows Out of Arnott's Acquisition
![Mondelez Bows Out of Arnott's Acquisition]()
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June 07, 2019
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