Campbell Soup Rises on Reports Loeb Has Stake and Seeks Action
(Bloomberg) -- Shares of Campbell Soup Co. rose in after-hours U.S. trading on reports that Daniel Loeb’s Third Point LLC has acquired a stake and is pressing for a turnaround at the 149-year-old company. Third Point has a stake of at least $300 million in the soup maker, The Wall Street Journal reported Tuesday, citing a person familiar with the matter. The holding amounts to more than 2.5 percent of Campbell’s stock, the Journal said...
Login to comment.