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Activist Dan Loeb Has Infiltrated Your Can of Campbell's Soup

Stock Market Today

Third Point LLC's Dan Loeb has been stirring the pot at Campbell Soup Co. The activist investor wants the full 12-person overhauled and thinks the company is a takeover target, or should at least sell some divisions, like its Pop Secret popcorn and Pepperidge Farms frozen cake brands. The company's stock performance has been weak recently, which could invite an activist eager to make management changes or perhaps see the company broken up or sold, The Deal reported...

Mentions: Management Takeover Third Point