Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Hedge-fund billionaire battles patrician family for Campbell Soup


November 19, 2018

Daniel Loeb is happy to play the barbarian at the gate. He’s got the money, about $3.1 billion. He’s got the office, a sleek white space that is a quintessential hedge fund aerie, with art by Jean-Michel Basquiat, Jeff Koons and Andy Warhol. And in taking on the old-money family who owns more than 40 percent of Campbell Soup Co., he’s found the perfect foil for his new-money ambitions.

Third Point, Loeb’s hedge fund in Manhattan, is pushing for the sale or restructuring of Campbell, a slumping food giant that has called Camden, N.J., home for nearly 150 years.


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