The activist investor wants the full 12-person overhauled and thinks the company is a takeover target, or should at least sell some divisions.
The company's stock performance has been weak recently, which could invite an activist eager to make management changes or perhaps see the company broken up or sold, The Deal reported.
Camden, N.J.-based Campbell Soup makes a range of food products from soups and simple meals to snacks and healthy beverages.
Loeb believes the company could be sold for between $52 and $58 a share, well above its current share price.
So we sat down with The Deal's Senior Editor Ron Orol to get the up-to-the-minute scoop.
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