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Report: Hedge fund, stakeholder may join to push for Campbell sale

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Campbell has been undergoing strategic review since Denise Morrison stepped down as CEO in May.
Campbell has been undergoing strategic review since Denise Morrison stepped down as CEO in May. - ()

Hedge fund Third Point LLC and Campbell Soup Co. shareholder George Strawbridge are in talks to partner to call for a sale of the Camden-based food company, according to a published report Thursday.

Together, New York-based Third Point and Strawbridge could amass an 8.5 percent stake, sources told Reuters. The sources also told Reuters that Third Point could then disclose its position in a regulatory filing as early as this week.

Campbell has been undergoing strategic review since Denise Morrison stepped down as CEO in May.

Third Point had no comment, and Campbell did not immediately respond to a request for comment.

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Gabrielle Saulsbery

Gabrielle Saulsbery

Albany, N.Y. native Gabrielle Saulsbery is a staff writer for NJBIZ and the newest thing in New Jersey. You can contact her at gsaulsbery@njbiz.com.

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