Loeb no longer wants to replace everyone on Campbell Soup board

//Loeb no longer wants to replace everyone on Campbell Soup board

Loeb no longer wants to replace everyone on Campbell Soup board

Activist investor and billionaire Dan Loeb has dropped a bid to replace all of Campbell Soup’s 12-person board and is now settling for just five replacements. Loeb’s hedge fund, Third Point, has been embroiled in a proxy fight with Camden, New Jersey-based Campbell Soup Co. (NYSE: CPB), and has accused the 149-year-old company of "putting the interests of billionaire, insider heirs ahead of independent shareholders.” Specifically, Loeb referred to board members Bennett Dorrance and Mary…

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By | 2018-11-10T00:59:04+00:00 November 10th, 2018|Budget and Tax|

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