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CAMPBELL SOUP PASSES 47 PERCENT OWNERSHIP OF ARNOTTS LIMITED AND ANNOUNCES FINAL DEADLINE FOR ACCEPTANCES

 CAMDEN, N.J., Jan. 28 /PRNewswire/ -- Campbell Soup Company (NYSE: CPB) today announced it has extended its tender offer of A$9.50 per share for Arnotts Limited, Australia's leading producer of cookies and crackers, to 5 p.m. (AET) Feb. 5, 1993.
 The bid, launched on Oct. 12, has already delivered more than 47 percent ownership to Campbell.
 Campbell Soup Company President and Chief Executive Officer David W. Johnson said, "We are delighted to have increased our ownership of Arnotts to the point where with more than 47 percent, we are inarguably the dominant owner.
 "We have extended our offer to allow shareholders time to reassess their position carefully, particularly in view of confusing messages in the last day or two.
 "We appreciate the widespread support of leading investment and brokerage houses who concluded our offer contains a generous premium. This is our last and final extension and we are confident of continuing support from shareholders," said Johnson.
 /delval/
 -0- 1/28/93
 /CONTACT: Kevin G. Lowery of Campbell Soup, 609-342-8533/
 (CPB)


CO: Campbell Soup Company; Arnotts Limited ST: New Jersey IN: FOD SU: TNM

JS-LJ -- PH014 -- 0157 01/28/93 10:38 EST
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Date:Jan 28, 1993
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