Dan Loeb drops bid to replace entire Campbell Soup board

Billionaire Dan Loeb is backing off his bid to replace the entire board at Campbell Soup. Instead, the activist investor’s hedge fund Third Point — which also recently retreated from its push to sell the company amid a lack of interest from potential acquirers — said Friday it will settle for replacing just five of…
Business | New York Post

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Third Point sues Campbell Soup, accuses it of misleading investors

Activist investor Third Point LLC sued Campbell Soup Co on Thursday, alleging the soup and snack maker’s board misled investors about the competence of its directors and the way it carried out a recently completed strategic review.


Reuters: Business News

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