1. Breaking News: Campbell Soup Reaches Deal to End Proxy Fight With Activist Loeb

    Breaking News:  Campbell Soup Reaches Deal to End Proxy Fight With Activist Loeb

    (Bloomberg) -- Campbell Soup Co. reached a settlement in its proxy battle with Dan Loeb, agreeing to give the activist investor two seats on the company’s board as well as a say in choosing a new chief executive officer. The agreement allows Loeb’s Third Point to appoint independent directors Sarah Hofstetter and Kurt Schmidt to the board and expands the board’s size to 14 from 12...

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    1. We are confident that Campbell will find a world-class CEO who is given the necessary support to execute on the strategy to strengthen the Company, and that Sarah and Kurt will provide valuable perspectives to the Campbell board.
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