U.S. Markets open in 6 hrs 8 mins

[$$] Third Point, Campbell Heir Push Soup Maker to Sell

Activist investor Third Point LLC is pushing for a sale of Campbell Soup Co. with the help of an heir to the soup company’s founder. Third Point said in a filing on Thursday that it had spent more than $686 million since mid-June, acquiring a 5.65% stake in Campbell. Campbell’s shares rose 0.6% to $42.23, making Third Point’s stake worth about $716 million.