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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

38.71USD
12:48am IST
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Latest Key Developments (Source: Significant Developments)

Campbell Comments on ISS Report Says Strongly Disagree With ISS's Conclusion
Thursday, 15 Nov 2018 

Nov 14 (Reuters) - Campbell Soup Co ::CAMPBELL COMMENTS ON ISS REPORT.CAMPBELL SOUP SAYS STRONGLY DISAGREE WITH ISS'S CONCLUSION.CAMPBELL SOUP SAYS CONTINUE TO RECOMMEND CAMPBELL SHAREHOLDERS VOTE ON GOLD PROXY CARD FOR ELECTION OF CAMPBELL'S 12 DIRECTOR NOMINEES.BOARD CONTINUES TO BELIEVE THAT ADDING AN EMPLOYEE OF THIRD POINT TO BOARD IS NOT IN SHAREHOLDERS' BEST INTERESTS.CAMPBELL SOUP- PROPOSED EXPANDING CURRENT BOARD TO ADD 2 INDIVIDUALS FROM THIRD POINT SLATE WHO POSSESS RELEVANT INDUSTRY EXPERIENCE AFTER ANNUAL MEETING.  Full Article

Campbell Soup Has Begun Process Of Selling Off Number Of Its Brands, Including Its Arnott's Cookie And Crackers Busines - CNBC
Saturday, 10 Nov 2018 

Nov 9 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP HAS BEGUN PROCESS OF SELLING OFF NUMBER OF ITS BRANDS, INCLUDING ITS ARNOTT'S COOKIE AND CRACKERS BUSINES - CNBC, CITING SOURCES.COMPANIES INCLUDING MONDELEZ, KRAFT HEINZ AND NUTELLA-OWNER FERRERO EYEING CAMPBELL SOUP'S AUSTRALIAN ARNOTT'S BISCUITS BUSINESS - CNBC.  Full Article

Campbell Soup Responds To Third Point, Says CEO Search Underway
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Campbell Soup Co ::RESPONDS TO THIRD POINT'S PRESENTATION; SAYS CEO SEARCH UNDERWAY.SAYS REMAINS COMMITTED TO EVALUATING ALL STRATEGIC OPTIONS IF THEY CAN ENHANCE SHAREHOLDER VALUE.SAYS "THIRD POINT HAS FAILED TO MAKE A CASE FOR BOARD CHANGE".RESPONDS TO THIRD POINT SAYS "HAS MADE GOOD FAITH ATTEMPTS TO ENGAGE WITH THIRD POINT ".  Full Article

Third Point Wants Campbell To Decide Whether Or Not To Split Co
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Third POint LLC::THIRD POINT ISSUES NEW PRESENTATION LAYING OUT 100 DAY PLAN TO REFRESH CAMPBELL.SAYS PLAN LAYS OUT INITIATIVES INCLUDING "REENERGIZING CORPORATE CULTURE", INVESTING IN SOUP BRANDS, INSTALL A CEO, MODERNIZING CORE PRODUCTS.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES EVALUATING RECENT STRATEGIC REVIEW AND PROPOSED ASSET DIVESTITURES.SAYS BILL TOLER (MEMBER OF INDEPENDENT SLATE) PREPARED TO BE INTERIM-CEO OF CAMPBELL (IF NEEDED).SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES ASSESSING SENIOR LEADERSHIP, INCLUDING WHETHER KEITH MCLOUGHLIN SHOULD REMAIN INTERIM-CEO.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES CONSIDERING FURTHER DIVESTITURES OF NON-CORE ASSETS, OPPORTUNITIES FOR BOLT-ON DEALS IN KEY CATEGORIES.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES EVALUATION OF PROPOSED ASSET DIVESTITURES, IDENTIFYING MORE OPPORTUNITIES TO ALIGN PORTFOLIO AROUND KEY CATEGORIES.SAYS WANTS CAMPBELL TO DETERMINE WHETHER OR NOT TO SPLIT COMPANY INTO GROCERY AND SNACKS BUSINESSES.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES SETTING NEW FINANCIAL TARGETS BASED ON UPDATED STRATEGY.SAYS 100 DAY PLAN FOR CAMPBELL INCLUDES EXPLORING IF CURRENT CORPORATE STRUCTURE IS OPTIMAL OR SEPARATION INTO 2 BETTER FOCUSED COS MAKES MORE SENSE.SAYS INDEPENDENT SLATE FOR CAMPBELL SEES OPPORTUNITY TO “REFRESH” CORE LEGACY PRODUCTS (PACKAGING, FLAVORS, INGREDIENTS).SAYS INDEPENDENT SLATE FOR CAMPBELL SEES OPPORTUNITY TO EXPLORE DIVESTITURES OF NON-CORE PRODUCTS IN SNACKS, E.G. PEPPERIDGE FARM FROZEN CAKES.  Full Article

Third Point Wants Campbell To Explore A Split - WSJ, Citing Sources
Tuesday, 30 Oct 2018 

Oct 29 (Reuters) - :THIRD POINT WANTS CAMPBELL TO EXPLORE A SPLIT - WSJ, CITING SOURCES.  Full Article

Third Point Files Lawsuit Against Campbell’s Board Members
Friday, 26 Oct 2018 

Oct 25 (Reuters) - Third Point: :THIRD POINT FILES LAWSUIT AGAINST CAMPBELL’S BOARD MEMBERS ALLEGING BREACH OF "FIDUCIARY DUTY TO FULLY& FAIRLY DISCLOSE MATERIAL INFORMATION TO SHAREHOLDERS".  Full Article

Third Point's Loeb Tells Campbell Board That Move To Find New CEO Is Too Little, Too Late - CNBC
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - :THIRD POINT'S LOEB TO CAMPBELL BOARD: MOVE TO FIND A NEW CEO IS TOO LITTLE, TOO LATE - CNBC.  Full Article

Campbell Soup Expect To Spend About $400 Mln For Capital Projects In 2019
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - EXPECT TO SPEND ABOUT $400 MILLION FOR CAPITAL PROJECTS IN 2019 - SEC FILING.CAMPBELL SOUP CO - EXPERIENCING SIGNIFICANTLY HIGHER THAN EXPECTED COST INCREASES, SHIPMENT DELAYS ASSOCIATED WITH THE STARTUP OF FINDLAY.CAMPBELL SOUP-IN SEPT, MAXTON, NORTH CAROLINA MANUFACTURING, DISTRIBUTION CAPABILITIES WERE NEGATIVELY IMPACTED BY FLOODING ASSOCIATED WITH HURRICANE FLORENCE.CAMPBELL SOUP-CERTAIN INGREDIENTS, PACKAGING REQUIRED FOR MANUFACTURE OF PRODUCTS, INCLUDING STEEL, HAVE BEEN OR MAY BE IMPACTED BY NEW OR PROPOSED TARIFFS.CAMPBELL SOUP CO - COST OF DISTRIBUTION HAS INCREASED DUE TO A SIGNIFICANT RISE IN TRANSPORTATION AND LOGISTICS COSTS.CAMPBELL SOUP CO - EXPECT THE COST PRESSURES TO CONTINUE IN 2019.CAMPBELL SOUP-EXPECT COLLECTIVE IMPACT OF COST INCREASES, SHIPMENT DELAYS, WEATHER-RELATED ISSUES TO HAVE NEGATIVE IMPACT ON RESULTS OF OPERATIONS FOR Q1 ENDING OCT 28.  Full Article

Campbell Soup Sets Regular Quarterly Dividend Of $0.35 Per Share
Thursday, 27 Sep 2018 

Sept 26 (Reuters) - Campbell Soup Co ::SETS REGULAR QUARTERLY DIVIDEND OF $0.35 PER SHARE.  Full Article

Third Point Recommends Shareholders Of Campbell Soup To Elect Third Point Nominees To Campbell's Board
Saturday, 15 Sep 2018 

Sept 14 (Reuters) - Campbell Soup Co ::THIRD POINT SAYS RECOMMEND SHAREHOLDERS OF CAMPBELL SOUP VOTE FOR ELECTION OF THIRD POINT NOMINEES TO CAMPBELL'S BOARD - SEC FILING.  Full Article

UPDATE 3-Third Point gains ISS, Glass Lewis support in Campbell proxy fight

NEW YORK, Nov 14 Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb's hedge fund to make changes at Campbell Soup Co , including replacing some board members.