• Campbell, Third Point battle heats up, no concessions on the table

    1 month ago - By Reuters

    Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker's future on Thursday as the hedge fund manager tried to woo retail shareholders and the company's interim chief executive told Reuters that Loeb had left no room for compromise.
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  • Campbell Soup CEO sees no room for concessions to Third Point

    1 month ago - By Reuters

    Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday.
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  • 'Change the board': Hedge-fund billionaire Dan Loeb lays out his plan to turn around Campbell Soup

    'Change the board': Hedge-fund billionaire Dan Loeb lays out his plan to turn around Campbell Soup

    1 month ago - By Business Insider

    Third Point Management, the hedge fund owned by the billionaire Dan Loeb, on Thursday laid out its plan to turn around Campbell Soup.
    The soup maker has suffered through years of declining soup sales.
    Third Point says the company's entire board should be replaced.
    Campbell Soup is rallying Thursday, up almost 2%, after Third Point, the hedge fund owned by the billionaire Dan Loeb, called on shareholders to replace the company's board of directors.
    "One of America's most iconic brands is being left behind by failed leaders who punished shareholders' loyalty," the hedge fund, which has an 8%...
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