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

BNN Bloomberg

(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...

Mentions: Investors Proxy Fight Bloomberg