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Third Point says Campbell sale could fetch as much as $58 a share

Third Point says Campbell sale could fetch as much as $58 a share

Activist investor Daniel Loeb’s hedge fund Third Point filed its definitive proxy on Monday as it continues to push Campbell Soup to consider a sale.

According a presentation Third Point also filed Monday, the hedge fund thinks Campbell could fetch a takeover value of $52 to $58 per share.

The activist investor earlier this year urged the soup company to consider a sale. In September, Third Point announced its intention to campaign to replace the entirety of the Campbell board.

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