logo
Plus   Neg
Share
Email

Campbell Soup Recommends Shareholders Vote To Support Current Board

Campbell Soup Co. (CPB) said it strongly recommended that shareholders vote to support the current Campbell Board of Directors with a vote on the GOLD proxy card.

In a letter to its shareholders in connection with its 2018 Annual Meeting of Shareholders scheduled for November 29, 2018, Campbell sets the record straight regarding Third Point's proposed "plan" for Campbell.

Campbell Soup said, "After nearly three months of telling Campbell that selling itself was the "only justifiable outcome" from our strategy and portfolio review, Third Point, a hedge fund that is attempting to seize control of Campbell's entire Board with a slate of underqualified candidates, finally abandoned its claim and attempted to come up with an alternative scheme. Third Point's latest "plan" can be summed up as follows: "Vote for us and we'll think of something."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Starbucks Inc. has announced changes to its Starbucks Rewards loyalty program, noting that the revamp will provide its members with more flexibility and choice when they redeem stars at the company's stores. Starting on April 16, all members of the Starbucks Rewards loyalty program will be able to earn and redeem Stars for Rewards immediately after they join the program. Payment processing giant Visa Inc. is seeking a Technical Product Manager with expertise in cryptocurrency and blockchain for its cryptocurrency team. The company has listed a job opening on San Francisco-based recruiting software firm SmartRecruiters to find the manager for Visa Fintech. IBM announced the launch of IBM Blockchain World Wire, a real-time global payments network, aiming to support payments and foreign exchange in more than 50 countries. The network provides real time clearing and settlement using both stable coin backed by U.S. dollars and cryptocurrency.
Follow RTT