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The hedge fund, which owns 7 percent of the company, will also be able to offer its views at two board meetings and two meetings with the chief executive officer in the next 12 months cufflink shirts online uk sale. In return, Third Point promised not to run a proxy contest in the next year. Campbell’s stock was off 2.9 percent at $39.36 in midday trading on the New York Stock Exchange. The deal between the 149-year old food company and Loeb’s hedge fund, one of the world’s most closely watched activist hedge funds, ends an acrimonious U.S. boardroom battle days before an investor vote at Campbell’s annual meeting on Thursday. A number of heirs to the Campbell fortune, including three current board members, control roughly 41 percent of the company and made it increasingly difficult for Third Point to win the vote count, people familiar with the matter said..

“We are pleased to have reached an agreement with Third Point that is in the best interests of Campbell shareholders,” Campbell interim CEO Keith McLoughlin said in a statement. Daniel Loeb, the billionaire investor who runs Third Point, said his firm “looks forward to working collaboratively with Campbell to improve value for all shareholders at this important time for the Company.” cufflink shirts online uk sale. Loeb initially asked other investors to help him oust the entire board, saying it was largely responsible for the company’s lagging share price and a fast-paced takeover spree that saddled it with a lot of debt. He pushed for a full sale of the company..

MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) is expected to commit to producing a raft of new models in Italy, including Jeeps and an Alfa Romeo SUV, union sources said, as the carmaker strives to fill underutilized plants and lift profit margins in Europe cufflink shirts online uk sale. The plans, which the sources said would also include building a new Maserati sportscar in Italy, would deliver on the strategy outlined by the group’s late boss Sergio Marchionne. New European chief Pietro Gorlier will meet with unions on Thursday to discuss the proposals and present them to journalists later that day..

FCA declined to comment. FCA appointed Gorlier last month to tackle a region where profitability is below that of peers, thousands of workers are on temporary layoff schemes, and some plants run below capacity. In his last strategy unveiled in June, Marchionne vowed to keep converting Italian plants to churn out Alfa Romeos, Jeeps and Maseratis instead of less profitable mass-market vehicles in an attempt to preserve jobs and boost margins. FCA’s Melfi plant in southern Italy, which already produces the Jeep Renegade, is expected to also produce the Jeep Compass, the sources said cufflink shirts online uk sale. The Compass will replace the Fiat Punto, which was discontinued in August..

The Pomigliano factory near Naples is set to keep the Fiat Panda, the most sold vehicle in Italy, the people added, dismissing earlier reports the model could return to FCA’s plant in Poland, where it was made until 2011. Pomigliano will also get the new Baby Jeep, smaller than the Renegade, which will be another model targeting European clients cufflink shirts online uk sale. Unions have been awaiting news of product plans to see whether workers, some of whom have been on temporary layoff schemes for years, would be brought back..