(New York Times) Campbell Soup Company is on the verge of a truce with an activist hedge fund that had sought to force the sale or restructuring of the nearly 150-year-old food giant, according to two people with knowledge of the talks. The deal would avert a shareholder vote precipitated by Third Point, the hedge fund that had sought to appoint five new directors to the company’s board. The vote was scheduled for Thursday.
Campbell Soup Nears Truce With Activist Hedge Fund
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