1. Exclusive: Third Point Seeks to Tap Campbell Soup Board Challengers

    Exclusive: Third Point Seeks to Tap Campbell Soup Board Challengers

    (Reuters) - Activist investor Daniel Loeb's hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co board of directors, according to people familiar with the matter. Third Point, which holds a 5.65 percent stake and has been pushing for a sale of Campbell Soup, is not convinced the company has adequately explored that option, the sources said...

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  2. Quotes

    1. The Board remains open and committed to evaluating all strategic options to enhance value in the future.
    2. We believe investors are pinning their hopes on Third Point taking a more aggressive activist campaign against the company and the board.
    3. Loeb will want fresh perspectives from people he can trust.
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