Third Point looks to replace Campbell Soup's entire board

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[September 07, 2018]    (Reuters) - Activist investor Daniel Loeb's hedge fund Third Point LLC on Friday said it nominated a slate of directors to replace Campbell Soup Co's <CPB.N> entire board.

Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event in Manhattan, New York, U.S., September 21, 2016. REUTERS/Andrew Kelly/File Photo

Third Point, which owns a 5.65 percent stake in Campbell Soup, said the outcome of the company's recent strategic review was disappointing and was evidence that its board is unable to take the action needed to address the soup maker's problems.

(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

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