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Third Point Calls for Campbell Soup Sale

Katherine Ross

Third Point confirmed reports on Thursday, Aug. 9 that it was calling for Campbell's Soup Co. "These [Campbell's] shareholders include the founder's many descendants, who are beneficiaries of trusts controlled by certain members of this board and who have been ill-served by the poor oversight of the Issuer's business. One such descendant shareholder who strongly shares our views is George Strawbridge, and we have agreed to act together to pursue change at the Issuer," read the 13D filing by Third Point.