Shareholder advisory firm Institutional Shareholder Services recommended that Campbell Soup investors elect all five of Third Point hedge fund's board nominees.
Third Point's Daniel Loeb is concerned with current market conditions and told investors in a letter that he has cut the firm's position in technology stocks.
Activist investor Third Point sued Campbell Soup, alleging the soup and snack maker's board misled investors about the competence of its directors and the way it carried out a recently completed strategic review.
PayPal reported third-quarter earnings and revenue that topped Wall Street estimates on Thursday.
Loeb wants Campbell to replace its board before choosing its next CEO. Campbell said separately it expects to choose its next CEO by the end of the calendar year.
Activist investor Daniel Loeb's hedge fund Third Point has demanded access to a trove of records from Campbell Soup.
Activist investor Daniel Loeb's hedge fund Third Point files its definitive proxy as it pushes Campbell Soup to consider a sale.
The maker of Nescafe and Perrier water is ditching underperforming businesses and seeking to fend off criticism from an activist investor demanding an overhaul.
Campbell Soup and hedge fund Third Point on Friday filed preliminary proxy materials urging the food company's shareholders to vote in favor of two entirely different slates of board nominees.
Campbell Soup's board is drawing up a list of CEO candidates, with Chief Operating Officer Luca Mignini emerging as the top internal contender, people familiar with the matter said.
Activist investor Daniel Loeb's hedge fund Third Point announced its intention on Friday to replace Campbell Soup's entire board.
The Journal reported that the hedge fund found the company's plan to sell some units underwhelming and believes a fresh slate of directors would put all options for Campbell back on the table.
William Ackman has swung to big gains this year, and his private hedge fund is up roughly 15 percent for the year, an investor said.
Third Point is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup's board of directors.
Food stocks are fighting for your dinner. As Campbell Soup trades at four-year lows, food delivery stock GrubHub just broke through to a record high.
Tom Farley says he isn't so sure his former rival, the Nasdaq, should be considered a benchmark for tech stocks.
It took $225 million to crack into Institutional Investor's 2018 list of 25 highest paid hedge fund managers, and only four topped $1 billion.
The New York Stock Exchange has appointed Chief Operating Officer Stacey Cunningham as its first female president.
Hedge fund magnate Daniel Loeb is increasing his bets against a suddenly volatile stock market. The head of Third Point said he is boosting short positions that proved to be profitable during an otherwise rough first quarter.
Dan Loeb's Third Point wants United Technologies to split into three companies, according to a letter from the hedge fund Friday.