Activist investor tries new tactic in Campbell Soup fight [CNN]
Campbell Soup Company (CPB)
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Source: CNN
The battle over Campbell Soup heats up. New York (CNN Business) The activist investor pushing to replace Campbell Soup's entire board of directors is changing tactics. Control of the company is on the line. After months of fighting for a new board , Daniel Loeb's hedge fund Third Point now wants to replace just five of its 12 members. The move comes at a critical time: Next week, proxy advisory firms are expected to outline their recommendations on how shareholders should vote. The new pitch could help put the firms in Third Point's camp. Since the summer, Third Point and Campbell Soup have been locked in a vicious proxy fight. Third Point, disappointed in Campbell's management, has sued the company and lobbed several attacks on members of the board. Campbell, which wants to keep control, has fired back and dismissed the hedge fund's grievances. Third Point came to the decision to reduce its slate of nominees after speaking with other investors, the hedge fund wro
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CPB
Earnings
- 3/6/24 - Beat
CPB
Sec Filings
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- CPB's page on the SEC website