The soup is heating up between Campbell Soup Co. and New York-based hedge fund Third Point LLC in the battle to win over Campbell’s shareholders ahead of a Nov. 29 annual meeting that could oust the company’s current board of directors.
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Retail
Toys R Us’ Geoffrey the Giraffe rises from the ashes
Toys R Us may no longer be around, but Geoffrey the Giraffe remains.
Read More »Aldi rolls out NJ delivery with Instacart
German grocer Aldi is the newest adopter of grocery delivery in New Jersey.
Read More »Third Point says it would consider Campbell split
New York-based hedge fund Third Point LLC said it will consider splitting Campbell Soup Co. into two “better focused” companies, one grocery and the other snacks, should it successfully replace the company’s board of directors with its own independent slate.
Read More »PetSmart comes out in support of ‘Bijou’s Law’
PetSmart Inc. has commended the efforts of proposed legislation Assembly Bill 3044, or “Bijou’s Law,” which would require pet grooming licenses for services including bathing, brushing, clipping or pet styling for compensation.
Read More »Experts debate pros and cons of doing business in NJ at EisnerAmper summit
Putting a new twist on the 1980s tourism campaign, a panel of experts from the public and private sectors offered insights into the opportunities and challenges New Jersey offers for businesses at the eighth annual EisnerAmper New Jersey Business Summit on Thursday night in Iselin.
Read More »Cannatalks panelist 4.2B invested in legal cannabis in last year
About $6 billion has been invested in the nation’s legal cannabis market, according to Jeanne Sullivan, general partner at cannabis investment firm Arcview Group in Oakland, Calif. Compare that to this time last year, when $1.8 billion had been invested and, she said, “you can see it’s torquing.”
Read More »Campbell chairman Third Point’s Loeb ‘self-serving’
Campbell Soup Co. Chairman Les Vinney sent a letter to shareholders Thursday urging them to vote for the company’s existing board of directors at its annual shareholder meeting Nov. 29.
Read More »NJ pension fund won’t divest Nike shares following Kaepernick ad
Managers of New Jersey’s $78 billion public worker pension fund said Thursday they will not divest from Nike stock, following requests by a member in September who was displeased with the shoe company’s ad featuring former NFL quarterback Colin Kaepernick.
Read More »ATC applicant HillviewMed receives investments from two NJ retail families
HillviewMed, one of the applicants for six New Jersey Alternative Treatment Center licenses to be announced after Nov. 1, has received strategic investments from two New Jersey retail families.
Read More »Art Factory owners secure 12.5M loan from Silver Arch, Procida
Silver Arch Capital Partners and Procida Funding & Advisors LLC have announced the closing of a $12.5 million loan to the owners of a 170-year-old former factory complex in Paterson.
Read More »7 CFOs honored as tops in their field at NJBIZ event
Being a CFO is more than just numbers on paper — it’s being a valued part of strategic planning and development of the organization, according to Tony Panico, partner at the tax and audit firm WithumSmith Brown PC.
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