Third Point Urges Campbell Shareholders To Vote For Its Director Nominees

(RTTNews) - Third Point LLC (TPRE), a New York-based investment firm that holds about 6 percent of the outstanding common shares of Campbell Soup Co. (CPB), said it has filed a definitive proxy statement with the Securities and Exchange Commission or SEC to replace the entire board of directors with its nominees at Campbell's 2018 annual meeting of shareholders.

According to Third Point, shareholders expect Campbell to announce the meeting date shortly.

The investment firm said that along with its SEC filing, it has mailed to fellow Campbell shareholders a booklet introducing its slate titled "The Independents", that highlights the qualifications of its twelve director nominees.

The publication also shares Third Point's view that Campbell's entrenched board destroyed shareholder value while overpaying for dreadful management.

Third Point is urging Campbell shareholders to vote the white proxy card to elect the independent slate, which it expects will bring superior expertise and necessary fresh perspectives to the board.