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Campbell and Third Point Settle, Adding Two Directors

A doomed proxy battle over the future of the soup maker has ended days before a shareholder vote.

Campbell Soup Co. agreed to add two new directors to its 12-person board in a settlement with Dan Loeb’s Third Point hedge fund just three days before a contentious shareholder vote was scheduled.The agreement, announced Monday, ends what looked to be a doomed battle by the activist hedge fund since

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