Report: Third Point wants to challenge Campbell Soup board

Third Point's Dan Loeb wants to overhaul Campbell Soup Co.'s board, according to Reuters.

Why it matters: The activist investor — who bought a stake in the company in August — is speaking to food industry veterans as potential challengers to current board members. Loeb wants a full sale of Campbell Soup, and a successful board challenge might bring the company one step closer to actively exploring this option.