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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

35.39USD
22 Jan 2019
Change (% chg)

$-0.10 (-0.28%)
Prev Close
$35.49
Open
$35.30
Day's High
$35.40
Day's Low
$34.70
Volume
766,596
Avg. Vol
765,719
52-wk High
$48.09
52-wk Low
$32.04

Latest Key Developments (Source: Significant Developments)

Krupa Global To Oppose Kraft Heinz's Participation In Campbell's Soup Auction
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - KRUPA GLOBAL INVESTMENTS ::KRUPA GLOBAL INVESTMENTS SAYS TO OPPOSE KRAFT HEINZ'S PARTICIPATION IN CAMPBELL'S SOUP AUCTION.KRUPA GLOBAL, ON KRAFT HEINZ'S PARTICIPATION IN CAMPBELL'S SOUP AUCTION, SAYS CONCERNED ABOUT TIMING, "TRANSPARENCY" OF NEGOTIATION PROCESS.KRUPA GLOBAL INVESTMENTS SAYS ANNOUNCED ITS OPPOSITION TO KRAFT HEINZ PARTICIPATING IN AUCTION FOR INTERNATIONAL BUSINESS OF CAMPBELL'S SOUP.KGI - MAINTAINED ITS POSITION THAT KRAFT HEINZ'S MANAGEMENT'S FOCUS SHOULD BE NEGOTIATING $80/SHARE BUYOUT WITH WARREN BUFFETT AND BERKSHIRE HATHAWAY.KRUPA GLOBAL SAYS TO ORGANIZE A PROXY CONTEST AGAINST KRAFT HEINZ SHOULD A POTENTIAL DEAL WITH CAMPBELL'S SOUP PROCEED.  Full Article

Campbell Names Mark Clouse Chief Executive Officer
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Campbell Soup Co ::CAMPBELL NAMES MARK A. CLOUSE PRESIDENT, CHIEF EXECUTIVE OFFICER AND A DIRECTOR OF THE BOARD.CAMPBELL SOUP CO - ELECTED MARK A. CLOUSE, 50, AS PRESIDENT AND CEO OF CAMPBELL EFFECTIVE JAN. 22, 2019.CAMPBELL SOUP CO - CLOUSE, WHO PREVIOUSLY SERVED AS CEO OF PINNACLE FOODS, INC., WILL SUCCEED CAMPBELL'S INTERIM PRESIDENT AND CEO KEITH MCLOUGHLIN.CAMPBELL SOUP CO - CLOUSE ALSO HAS BEEN ELECTED A DIRECTOR.CAMPBELL SOUP CO - THIRD POINT PROVIDED CONSTRUCTIVE INPUT INTO CEO SEARCH PROCESS.CAMPBELL SOUP CO - THIRD POINT FULLY SUPPORTS CAMPBELL BOARD'S DECISION TO NAME CLOUSE PRESIDENT AND CEO.CAMPBELL SOUP CO - KEITH MCLOUGHLIN WILL REMAIN A DIRECTOR OF COMPANY.CAMPBELL SOUP CO SAYS NAMES MARK CLOUSE PRESIDENT, CEO AND DIRECTOR SUCCEEDING INTERIM PRESIDENT & CEO KEITH MCLOUGHLIN.  Full Article

Campbell Launches Sale Of Bolthouse Farms Business - CNBC
Monday, 3 Dec 2018 

Dec 3 (Reuters) - :CAMPBELL LAUNCHES SALE OF BOLTHOUSE FARMS BUSINESS- CNBC, CITING SOURCES.  Full Article

Campbell Board Elects Sarah Hofstetter And Kurt Schmidt As Directors
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Campbell Soup Co ::CAMPBELL BOARD ELECTS SARAH HOFSTETTER AND KURT SCHMIDT AS DIRECTORS; DECLARES QUARTERLY DIVIDEND.SETS REGULAR QUARTERLY DIVIDEND OF $0.35PER SHARE.  Full Article

Campbell Zeroes In On Ex-Pinnacle Foods Chief Mark Clouse For CEO Job - WSJ, Citing Sources
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - :CAMPBELL ZEROES IN ON EX-PINNACLE FOODS CHIEF MARK CLOUSE FOR CEO JOB - WSJ, CITING SOURCES.  Full Article

Campbell Comments on ISS Report Says Strongly Disagree With ISS's Conclusion
Thursday, 15 Nov 2018 

Nov 14 (Reuters) - Campbell Soup Co ::CAMPBELL COMMENTS ON ISS REPORT.CAMPBELL SOUP SAYS STRONGLY DISAGREE WITH ISS'S CONCLUSION.CAMPBELL SOUP SAYS CONTINUE TO RECOMMEND CAMPBELL SHAREHOLDERS VOTE ON GOLD PROXY CARD FOR ELECTION OF CAMPBELL'S 12 DIRECTOR NOMINEES.BOARD CONTINUES TO BELIEVE THAT ADDING AN EMPLOYEE OF THIRD POINT TO BOARD IS NOT IN SHAREHOLDERS' BEST INTERESTS.CAMPBELL SOUP- PROPOSED EXPANDING CURRENT BOARD TO ADD 2 INDIVIDUALS FROM THIRD POINT SLATE WHO POSSESS RELEVANT INDUSTRY EXPERIENCE AFTER ANNUAL MEETING.  Full Article

Campbell Soup Has Begun Process Of Selling Off Number Of Its Brands, Including Its Arnott's Cookie And Crackers Busines - CNBC
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP HAS BEGUN PROCESS OF SELLING OFF NUMBER OF ITS BRANDS, INCLUDING ITS ARNOTT'S COOKIE AND CRACKERS BUSINES - CNBC, CITING SOURCES.COMPANIES INCLUDING MONDELEZ, KRAFT HEINZ AND NUTELLA-OWNER FERRERO EYEING CAMPBELL SOUP'S AUSTRALIAN ARNOTT'S BISCUITS BUSINESS - CNBC.  Full Article

Campbell Soup Responds To Third Point, Says CEO Search Underway
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Campbell Soup Co ::RESPONDS TO THIRD POINT'S PRESENTATION; SAYS CEO SEARCH UNDERWAY.SAYS REMAINS COMMITTED TO EVALUATING ALL STRATEGIC OPTIONS IF THEY CAN ENHANCE SHAREHOLDER VALUE.SAYS "THIRD POINT HAS FAILED TO MAKE A CASE FOR BOARD CHANGE".RESPONDS TO THIRD POINT SAYS "HAS MADE GOOD FAITH ATTEMPTS TO ENGAGE WITH THIRD POINT ".  Full Article

Third Point Wants Campbell To Decide Whether Or Not To Split Co
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Third POint LLC::THIRD POINT ISSUES NEW PRESENTATION LAYING OUT 100 DAY PLAN TO REFRESH CAMPBELL.SAYS PLAN LAYS OUT INITIATIVES INCLUDING "REENERGIZING CORPORATE CULTURE", INVESTING IN SOUP BRANDS, INSTALL A CEO, MODERNIZING CORE PRODUCTS.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES EVALUATING RECENT STRATEGIC REVIEW AND PROPOSED ASSET DIVESTITURES.SAYS BILL TOLER (MEMBER OF INDEPENDENT SLATE) PREPARED TO BE INTERIM-CEO OF CAMPBELL (IF NEEDED).SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES ASSESSING SENIOR LEADERSHIP, INCLUDING WHETHER KEITH MCLOUGHLIN SHOULD REMAIN INTERIM-CEO.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES CONSIDERING FURTHER DIVESTITURES OF NON-CORE ASSETS, OPPORTUNITIES FOR BOLT-ON DEALS IN KEY CATEGORIES.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES EVALUATION OF PROPOSED ASSET DIVESTITURES, IDENTIFYING MORE OPPORTUNITIES TO ALIGN PORTFOLIO AROUND KEY CATEGORIES.SAYS WANTS CAMPBELL TO DETERMINE WHETHER OR NOT TO SPLIT COMPANY INTO GROCERY AND SNACKS BUSINESSES.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES SETTING NEW FINANCIAL TARGETS BASED ON UPDATED STRATEGY.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES EXPLORING IF CURRENT CORPORATE STRUCTURE IS OPTIMAL OR SEPARATION INTO 2 BETTER FOCUSED COS MAKES MORE SENSE.SAYS INDEPENDENT SLATE FOR CAMPBELL SEES OPPORTUNITY TO “REFRESH” CORE LEGACY PRODUCTS (PACKAGING, FLAVORS, INGREDIENTS).SAYS INDEPENDENT SLATE FOR CAMPBELL SEES OPPORTUNITY TO EXPLORE DIVESTITURES OF NON-CORE PRODUCTS IN SNACKS, E.G. PEPPERIDGE FARM FROZEN CAKES.  Full Article

Third Point Wants Campbell To Explore A Split - WSJ, Citing Sources
Monday, 29 Oct 2018 

Oct 29 (Reuters) - :THIRD POINT WANTS CAMPBELL TO EXPLORE A SPLIT - WSJ, CITING SOURCES.  Full Article

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Breakingviews - Busy activists navigate tricky currents

DAVOS, Switzerland (Reuters Breakingviews) - Activist investors are bigger and busier, but face tricky currents in 2019. That was the upshot of the debates about cage-rattling shareholders at Breakingviews Predictions events this month. Investors are taking on larger and more high-profile targets – witness recent campaigns against the likes of Pernod Ricard, Barclays, and United Technologies. But big shareholders are becoming more demanding, and private equity may muscle in.