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Campbell court case takes Loeb’s proxy fight to new level, hits share price

By Jason Booth ( October 26, 2018, 18:44 GMT | Insight) -- Third Point’s lawsuit against Campbell Soup and its board takes the activist investor’s proxy fight at the 149-year-old foodmaker to a new level, driving the stock price down more than 3 percent this morning amid charges that the directors had spread false information. The suit could delay a vote on the board now set for Campbell’s annual meeting on Nov. 29.Third Point’s lawsuit against Campbell Soup and its board takes the activist investor’s proxy fight at the 149-year-old foodmaker to a new level, driving the stock price down more than 3 percent this morning amid charges that the directors had spread false information....

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