October 1, 2018 / 1:21 PM / 2 months ago

Loeb calls Campbell attractive takeover target, could get $58 a share

BOSTON, Oct 1 (Reuters) - Billionaire investor Daniel Loeb on Monday called Campbell Soup an "iconic asset" and attractive takeover target that could fetch as much as $58 per share. Campbell could "attract multiple buyers and could fetch 14-15x EBITDA, implying $52 to $58 per share," Loeb said in a presentation released on Monday. That would mark a 58 percent premium over Friday's closing share price.

Reporting by Svea Herbst-Bayliss Editing by Chizu Nomiyama

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