Loeb's Third Point calls for Campbell Soup sale: filing
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Campbell Soup (CPB) Responds to 13D Filings, Reaffirms Strategic Review Process
August 9, 2018 5:07 PM EDTCampbell Soup Company (NYSE: CPB) responds to 13D filings and reaffirms its strategic review process:
As previously announced on May 18, the company is currently undertaking a Board-led comprehensive strategy and portfolio review to examine all potential paths forward to maximize... More
George Strawbridge, Jr. Confirms 2.8% Stake in Campbell Soup (CPB)
August 9, 2018 3:14 PM EDTIn a 13D filing on Campbell Soup (NYSE: CPB), hedge fund George Strawbridge, Jr. disclosed a 2.8%, or 8,323,669 share, stake in the company.
From the filing
The Reporting Person believes that the Issuers deeply flawed strategic plan and the execution of that plan have resulted in a substantial reduction in shareholder value and... More
Third Point Confirms 5.65% Stake in Campbell Soup (CPB)
August 9, 2018 2:42 PM EDTIn a 13D filing on Campbell Soup (NYSE: CPB), hedge fund Third Point LLC disclosed a 5.65%, or 17,000,000 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending June 30, 2018.
From the fling:
The Reporting Persons acquired most of their Capital Stock following the Issuers disastrous fiscal 3q18 earnings report and the unexpected departure of the Issuers Chief Executive Officer Denise Morrison. The Reporting Persons believe that the subsequently announced strategic review, if conducted properly, will create significant value for the Issuers... More
