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Campbell Soup Hits Snag In Acquiring Organic Company

Campbell Soup Co.’s pending acquisition of organic soup maker Pacific Foods may not materialize due to a lawsuit filed against Pacific Foods by a former shareholder. Edward C. Lynch is seeking more than $250 million in damages. Campbell Soup is not named in the suit but has given Pacific Foods 60 days to resolve the issues arising from the suit if the transaction is to be completed.

 

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