Campbell Soup Offers to Add Two Third Point Nominees to Board - SHARENET -BoardProspects

Campbell Soup Offers to Add Two Third Point Nominees to Board

SHARENET Nov 10 2018 BoardNews

(Reuters) - Campbell Soup Co, which is in the midst of a proxy battle with Third Point LLC, said on Friday it offered to add two of the hedge fund's nominees to its board, after a similar proposal was rejected by the activist investor. The soup maker had proposed adding Kurt Schmidt and Sarah Hofstetter from the hedge fund's slate to the board following its annual meeting...
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Quotes
1. Nonetheless, we believe it is important for all of our shareholders to know that we are offering to add ... Mr. Schmidt and Ms. Hofstetter.
Topics Mentioned
- CEO
- acquisition
- Uber
- Hedge Fund
- Third Point
- Campbell Soup
- ComScore
- Annual Meeting
- stake
Authors
- Sharenet (Pty) Ltd