1. Campbell Soup: Third Point Looks to Replace Campbell Soup's Entire Board

    Campbell Soup: Third Point Looks to Replace Campbell Soup's Entire Board

    (Reuters) - Activist investor Daniel Loeb's hedge fund Third Point LLC on Friday said it nominated a slate of directors to replace Campbell Soup Co entire board. Third Point, which owns a 5.65 percent stake in Campbell Soup, said the outcome of the company's recent strategic review was disappointing and was evidence that its board is unable to take the action needed to address the soup maker's problems...

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    1. This board's persistent failure to discharge its fiduciary duties leaves us no choice but to seek to replace the entire Board with our Shareholder Slate.
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