UPDATE 3-Third Point gains ISS, Glass Lewis support in Campbell proxy fight [Reuters (UK)]
Campbell Soup Company (CPB)
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Source: Reuters
Third Point gains ISS, Glass Lewis support in Campbell proxy fight | Reuters 4 Min Read NEW YORK (Reuters) - Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb’s hedge fund to make changes at Campbell Soup Co ( CPB.N ), including replacing some board members. ISS recommended that investors elect all five of Loeb’s Third Point LLC board nominees, giving a boost to the activist firm, which is fighting a high profile proxy battle with the company. “The dissident slate seems well qualified to contribute to the company’s turnaround by providing relevant industry expertise, fresh ideas, and a greater sense of urgency,” ISS said in a report, adding “As such, votes FOR all dissident nominees are warranted.” Days ago Loeb backed off his call to replace the entire 12-person Campbell board. Investors are expected to vote on directors at the Nov. 29 annual meeting. ISS is generally seen as being reluctant to recommend ousting all board mem
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CPB
Earnings
- 3/6/24 - Beat
CPB
Sec Filings
- 4/8/24 - Form 4
- 4/4/24 - Form 144
- 3/28/24 - Form 4
- CPB's page on the SEC website