date:Oct 11, 2018
ld dramatically shift Campbells centre of gravity.
Instead, the deal seems to have shifted Campbell Soups financial centre of gravity. In announcing the deal, Campbell said it would be accretive to earnings. But just a few months later, the company reversed itself and said it would be modestly dilutive to earnings.
It is unfathomable that Campbell management could improperly represent to shareholders that the largest acquisition in the companys history would be accretive and just five months l