The Wall Street Journal: Hedge fund sues Campbell Soup over ‘misinformation’ in proxy fight [MarketWatch]
The Campbell's Company (CPB)
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Source: MarketWatch
Hedge fund sues Campbell Soup over ‘misinformation’ in proxy fight Third Point LLC sued Campbell Soup Co. and its board of directors Thursday, alleging the food maker distributed misleading and incomplete information to win shareholders’ support in a heated proxy fight over control of the company. Daniel Loeb’s Third Point is aiming to replace Campbell’s CSC, +6.04% entire 12-person board, but it faces an uphill battle. Three descendants of the creator of condensed soup, who collectively control about 37% of the company’s shares and sit on its board, pledged last week to support Campbell. Third Point is allied with another descendant, George Strawbridge Jr., and together they own a roughly 10% stake. With its suit, filed Thursday in the Superior Court of New Jersey, Third Point seeks to stop the company from holding a Nov. 29 shareholder vote without releasing more information. An expanded version of this report appears on wsj.com. Most popular stories on wsj.com: Explosive de
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CPB
News
- The Scorecards That Actually Change Culture [Forbes]Forbes
- Campbell's (NASDAQ:CPB) was given a new $27.00 price target on by analysts at Barclays PLC.MarketBeat
- Campbell's (NASDAQ:CPB) had its price target lowered by analysts at Morgan Stanley from $30.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Campbell's (NASDAQ:CPB) had its "cautious" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Fresh Inset Appoints Gordon Robertson as General Manager, North America [Yahoo! Finance]Yahoo! Finance
CPB
Earnings
- 12/9/25 - Beat
CPB
Sec Filings
- 1/12/26 - Form 4
- 1/9/26 - Form 144
- 1/8/26 - Form 4
- CPB's page on the SEC website