Campbell settles with activist

CAMPBELL SOUP CO. $40 (New York symbol CPB; Conservative-Growth Payer Portfolio, Consumer sector; Shares o/s: 300.7 million; Market cap: $12.0 billion; Dividend yield: 3.5%; Dividend Sustainability Rating: Above Average; www.campbellsoupcompany.com) has agreed to expand its board of directors from 12 members to 14, and will place two of… Read More

Spinoff Spotlight

CAMPBELL SOUP CO. $40 (New York symbol CPB; Consumer sector; Shares outstanding: 300.7 million; Market cap: $12.0 billion; Takeover Target Rating: Medium; Dividend yield: 3.5%; www.campbellsoupcompany.com) makes a variety of food products under the brands Campbell’s Soup, Pepperidge Farm, V8, Bolthouse Foods and others.
Activist investor Daniel Loeb, through… Read More