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Daniel Loeb Pushes Campbell Soup to Sell

Nathan Reiff

Billionare Dan Loeb, hedge fund manager and leader of Third Point, is calling for the sale of Campbell Soup Co. ( CPB). According to a securities filing filed with the SEC and reported on by CNBC, Loeb's hedge fund recently bought up a 5.65% stake in the food company. Loeb is taking an activist approach and is reportedly planning a partnership with shareholder George Strawbridge in order to call for the sale of the company.