IRS Says Campbell Could Owe $79 Million

From Bloomberg News

Campbell Soup Co. was told by the Internal Revenue Service that the company may be liable for $79 million in back taxes and interest.

The notice challenges Campbell’s treatment of gains and interest deductions on government securities, the company said in a filing with the U.S. Securities and Exchange Commission.

Campbell Soup shares rose 24 cents to $23.70 on the NYSE.