WSJ: Third Point, Campbell Soup To Settle Proxy Fight

(RTTNews) - Daniel Loeb's Third Point LLC (TPRE, TPOU.L), a New York-based investment firm, and Campbell Soup Co. (CPB) are nearing a deal to end the proxy contest, the Wall Street Journal reported. Campbell will reportedly add two Third Point nominees to its Board, as per the proposed concord.

On September 28, 2018, Third Point LLC filed a definitive proxy statement with the U.S. SEC to solicit proxies from stockholders of Campbell Soup Company for use at the company's 2018 annual meeting of stockholders.

In September, Third Point LLC nominated a slate of 12 director candidates to stand for election at the Campbell's 2018 Annual Meeting of Shareholders. On November 15, Third Point reported that Institutional Shareholder Services Inc. recommended that shareholders of Campbell support the election of Third Point's director nominees to Campbell's Board at the Annual Meeting of Shareholders, scheduled to be held on November 29.