Only problem is, the company needs a turnaround if it's going to produce results any time soon. And that isn't happening. There's one spark in all this gloom. Bestfoods is reportedly pursuing Campbell. Bestfoods is facing a takeover by Unilever, and bulking up with an acquisition might make a hostile deal harder to pull off.
Analysts are skeptical, though.
Bestfoods, they say, may be only trying extract a higher bid from Unilever, and may not be serious about a deal with the soup maker. Time Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Our Privacy Policy . Terms of use .