Bid to shake up Campbell Soup gets a boost [CNN]
Campbell Soup Company (CPB)
Last campbell soup company earnings: 3/4 07:30 am
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Source: CNN
Third Point and Campbell Soup have been locked in a proxy fight for months. Support from proxy advisory firms, third parties that advise investors on which side is best positioned to increase shareholder value, will likely help sway some investors in Third Point's favor. But it's still an uphill battle for Loeb's side. Third Point started off by trying to replace the entire board, and argued that Campbell's leaders should sell the company. It has softened its stance since then, and offered a plan to improve the health of the company and nominated fewer board members. Campbell has held firm in its belief that it knows what's best for the struggling company. About 41% of the company is controlled by descendants of the founding family, who have vowed to support the current leaders. Third Point and its supporters hold only about 10%.That means odds are against Third Point, which is making its case ahead of a shareholder vote during the company's annual investor meeting o
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CPB
News
- Campbell’s Awards $880,000 in Community Impact GrantsBusiness Wire
- Should We Be Delighted With Campbell Soup Company's (NYSE:CPB) ROE Of 20%? [Yahoo! Finance]Yahoo! Finance
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- Godiva names former Nike executive as president to boost sales [Yahoo! Finance]Yahoo! Finance
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CPB
Earnings
- 3/6/24 - Beat
CPB
Sec Filings
- 4/16/24 - Form 8-K
- 4/8/24 - Form 4
- 4/4/24 - Form 144
- CPB's page on the SEC website