Proxy advisory firm ISS recommends for all Third Point nominees at Campbell

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FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid/File Photo

NEW YORK (Reuters) – Shareholder advisory firm ISS on Wednesday recommended that Campbell Soup Co investors elect all five of hedge fund Third Point’s board nominees, giving a boost to the activist firm which has been calling for change at the food company.

“The dissident slate seems well qualified to contribute to the company’s turnaround by providing relevant industry expertise, fresh ideas, and a greater sense of urgency,” ISS wrote in its report, adding “As such, votes FOR all dissident nominees are warranted.”

Reporting by Svea Herbst-Bayliss; editing by Grant McCool

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