U.S. Markets closed

Dan Loeb's hedge fund trims number of nominees to Campbell Soup board

David Faber

Activist investor Daniel Loeb has been locked in a battle for control of Campbell Soup's board, originally proposing to replace all 12 directors. Campbell Soup shareholders are scheduled to vote on the board members on Nov. 29. Daniel Loeb's hedge fund, Third Point, has trimmed the number of nominees it is making to the Campbell Soup CPB board to five, sources tell CNBC.