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Activist Dan Loeb Has Infiltrated Your Campbell's Soup

Activist Dan Loeb thinks Campbell Soup Co should be sold and wants to take over the board. The Deal's Senior Editor Ron Orol gave us the up-to-the-minute scoop.

Third Point LLC's Dan Loeb has been stirring the pot at Campbell Soup Co. (CPB) - Get Campbell Soup Company Report

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.

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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.

For more from Orol, click here: