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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

43.68USD
22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Third Point LLC Takes Share Stake In Twilio, Cuts In Campbell Soup
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Third Point LLC::THIRD POINT LLC REPORTS SHARE STAKE OF 1.4 MILLION CLASS A SHARES IN PINTEREST INC - SEC FILING.THIRD POINT LLC TAKES SHARE STAKE OF 150,000 CLASS A SHARES IN TWILIO INC.THIRD POINT LLC CUTS SHARE STAKE IN CAMPBELL SOUP CO BY 11.9 PERCENT TO 18.5 MILLION SHARES.THIRD POINT LLC UPS SHARE STAKE IN MICROSOFT CORP BY 20.0 PERCENT TO 600,000 SHARES.THIRD POINT LLC UPS SHARE STAKE IN BOSTON SCIENTIFIC CORP BY 10.0 PERCENT TO 5.5 MILLION SHARES.THIRD POINT LLC UPS SHARE STAKE IN MARATHON PETROLEUM CORP BY 14.3 PERCENT TO 4.0 MILLION SHARES.  Full Article

Campbell And KKR Sign Agreement For Sale Of Arnott's, Some Of Co's International Ops For $2.2 bln
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Campbell Soup Co ::CAMPBELL AND KKR SIGN DEFINITIVE AGREEMENT FOR SALE OF ARNOTT’S AND CERTAIN OF CAMPBELL’S INTERNATIONAL OPERATIONS FOR $2.2 BILLION.TOTAL EXPECTED NET PROCEEDS OF APPROXIMATELY $3 BILLION FROM DIVESTITURES OF CAMPBELL INTERNATIONAL AND CAMPBELL FRESH.TOTAL EXPECTED NET PROCEEDS OF APPROXIMATELY $3 BILLION FROM DIVESTITURES OF CAMPBELL INTERNATIONAL AND CAMPBELL FRESH.INTENDS TO USE ALL PROCEEDS TO REDUCE DEBT.CAMPBELL SELLS INTERNATIONAL PORTFOLIO, INCLUDING KELSEN GROUP, FOR $2.5 BILLION.CAMPBELL SOUP - UNDER TERMS, CAMPBELL AND KKR WILL ENTER INTO A LONG-TERM LICENSING ARRANGEMENT FOR EXCLUSIVE RIGHTS TO USE CERTAIN CAMPBELL BRANDS.CAMPBELL WAS ADVISED BY CENTERVIEW PARTNERS, GOLDMAN SACHS, WEIL, GOTSHAL & MANGES LLP AND KING & WOOD MALLESONS.  Full Article

Ferrero Affiliated Company Announces Agreement To Acquire Kelsen Group From Campbell Soup
Friday, 12 Jul 2019 

July 12 (Reuters) - Ferrero Affiliated Company: :FERRERO AFFILIATED COMPANY ANNOUNCES AGREEMENT TO ACQUIRE KELSEN GROUP A.S. FROM CAMPBELL SOUP COMPANY.A FERRERO AFFILIATED COMPANY SAYS WILL TAKE OVER TWO PRODUCTION FACILITIES IN NØRRE SNEDE AND RIBE.  Full Article

Campbell Soup Reports Q3 Earnings Per Share $0.28
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Campbell Soup Co ::CAMPBELL REPORTS THIRD-QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.56 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.28.Q3 EARNINGS PER SHARE ESTIMATE $0.47 -- REFINITIV IBES DATA.Q3 EARNINGS PER SHARE $0.43 FROM CONTINUING OPERATIONS.CAMPBELL UPDATES FISCAL 2019 GUIDANCE TO REFLECT IMPROVED EPS OUTLOOK AND DIVESTITURES.CAMPBELL FRESH SEGMENT REPORTED AS DISCONTINUED OPERATIONS."OUR RESULTS THIS QUARTER WERE AHEAD OF OUR EXPECTATIONS".QTRLY SALES OF U.S. SOUP WERE COMPARABLE TO PRIOR YEAR.IN Q3 OF FISCAL 2019, CAMPBELL ACHIEVED $55 MILLION IN SAVINGS UNDER ITS MULTI-YEAR COST SAVINGS PROGRAM.MEALS AND BEVERAGES SALES IN QUARTER DECREASED 1 PERCENT TO $1.024 BILLION.FOR CONTINUING OPERATIONS, CAMPBELL IS TARGETING CUMULATIVE ANNUALIZED SAVINGS OF $850 MILLION BY END OF FISCAL 2022.SEES 2019 NET SALES $9,075 TO $9,125 MILLION.MEALS AND BEVERAGES SEGMENT BUSINESS IS SHOWING SIGNS OF STABILIZATION.SEES 2019 ADJUSTED NET EPS & ADJUSTED EPS FROM CONTINUING OPERATIONS $2.50-$2.55."IN MEALS AND BEVERAGES SEGMENT, ALTHOUGH THERE IS MORE TO DO, WE ARE MAKING STEADY IMPROVEMENTS ON GROSS MARGIN AND PROFIT".QTRLY TOTAL COMBINED COMPANY COMBINED NET SALES $2,388 MILLION, UP 12%.Q3 EARNINGS PER SHARE VIEW $0.47, REVENUE VIEW $2.37 BILLION -- REFINITIV IBES DATA.  Full Article

Mondelez Efforts To Buy Arnott's In Doubt As Talks With Campbell Stalemate - CNBC
Saturday, 6 Apr 2019 

April 6 (Reuters) - :MONDELEZ EFFORTS TO BUY ARNOTT'S IN DOUBT AS TALKS WITH CAMPBELL STALEMATE - CNBC, CITING SOURCES.  Full Article

Campbell Says Mark Clouse's Base Salary As CEO Set At $1 Mln Per Year
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - MARK A. CLOUSE BASE SALARY AS CEO, PRESIDENT SET AT $1 MILLION PER YEAR.CAMPBELL SOUP CO - ON DEC 20, 2018, BOARD ADOPTED A RESOLUTION TO INCREASE ITS SIZE TO 15 DIRECTORS.CAMPBELL SOUP CO - CLOUSE TO RECEIVE TARGET LONG-TERM INCENTIVE AWARD FOR FISCAL 2019 OF $5 MILLION ON JANUARY 22, 2019 - SEC FILING.  Full Article

Campbell comments on Glass Lewis report
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Campbell Soup Co ::CAMPBELL COMMENTS ON GLASS LEWIS REPORT.CAMPBELL SOUP CO - "LARGELY AGREES" WITH VIEWS OUTLINED BY GLASS LEWIS IN ITS REPORT.  Full Article

Campbell Soup Says Annual Meeting Will Proceed As Planned On Nov. 29
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - ANNUAL MEETING WILL PROCEED AS PLANNED ON NOV. 29, 2018.CAMPBELL SOUP CO - ISSUES STATEMENT ON COURT'S FAVORABLE RULING IN THIRD POINT LITIGATION.  Full Article

Third Point Calls On Campbell Soup Co's Board Of Directors To Allow Shareholders To Have A Voice In CEO Search
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Third Point Offshore Investors Ltd ::THIRD POINT CALLS ON CAMPBELL SOUP COMPANY’S BOARD OF DIRECTORS TO ALLOW SHAREHOLDERS TO HAVE A VOICE IN CEO SEARCH.THIRD POINT LLC SAYS URGES CAMPBELL SOUP SHAREHOLDERS TO VOTE WHITE PROXY CARD TO ELECT INDEPENDENT SLATE.THIRD POINT LLC - BELIEVES EXISTING BOARD SHOULD NOT BE CHARGED WITH RUNNING CEO SEARCH AT THIS TIME.  Full Article

Campbell Soup Expects To Select Next CEO By Calendar Year-end
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Campbell Soup Co ::SAYS EXPECTS TO SELECT NEXT CEO BY END OF CALENDAR YEAR.SAYS FOR CEO ROLE, "HAS BEEN EXAMINING QUALIFIED CANDIDATES WHO POSSESS A TRACK RECORD OF PROVEN RESULTS AND ACHIEVEMENT FOR MONTHS".  Full Article

Deals of the day-Mergers and acquisitions

Aug 2 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: