date:Aug 13, 2013
transactions fail to address the challenges that Campbell still faces in its domestic soup and beverage operations, Lash wrote in a note.
The company's mainstay businesses have been pressured by competition from private label supermarket brands and frozen foods.
However, Campbell posted strong-than-expected results in its most recent quarter, boosted by the Bolthouse acquisition and newer offerings in soups and sauces.
The sale of the European businesses are expected to close in the current