Campbell Soup Stock is Soaring on Kraft Heinz’s Interest

Campbell Soup stock (CPB) soared more than 9.5% this afternoon as the New York Post reported that Kraft Heinz (KHC) is “very interested” in acquiring the beleaguered soup company. The news comes as Campbell Soup’s strategies and portfolio are under scrutiny and management is looking for ways to turn its business around. Campbell Soup has been struggling. The company’s soups and beverages segment continues to underperform, and the much-hyped Fresh segment failed to have a meaningful impact on financials amid operational challenges.