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CAMDEN, N.J.–(BUSINESS WIRE)–Oct 30, 2018–Campbell Soup Aggregation (NYSE: CPB) today issued the afterward account in acknowledgment to Third Point’s appear presentation:

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“Third Point’s attack to appropriate ascendancy of the Board can be summed up as follows, ‘Vote for us and we’ll anticipate of something.’

In the meantime, they accept artlessly and finer affected and pasted the absolute plan categorical by Campbell on August 30th into the Third Point PowerPoint template. They’ve accustomed our divestitures and our acquirement of Snyder’s-Lance to participate in snacking class growth. Their aisle to a $70 per allotment ambition is artlessly our proposed amount savings, our proposed synergies, and time. Additionally, Third Point absolutely debunks their antecedent account that the ‘only acceptable outcome’ is a auction of the company.

Beyond what they accept affected from our plan, Third Point’s presentation is riddled with inaccuracies, half-truths, simple generalizations, and ambiguous recommendations, all of which authenticate their bound compassionate of aliment industry dynamics and of Campbell’s business. The Campbell Board conducted a absolute analysis a by alfresco advisors, and it charcoal assured that its go-forward action represents the best aisle advanced for the aggregation and its shareholders at this time.”

YOUR VOTE IS EXTREMELY IMPORTANT – VOTE THE GOLD PROXY CARD TODAY

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About Campbell Soup Company

Campbell (NYSE:CPB) is apprenticed and aggressive by our Purpose, “Real aliment that affairs for life’s moments.” For generations, bodies accept trusted Campbell to accommodate authentic, aged and affordable snacks, soups and simple meals, and beverages. Founded in 1869, Campbell has a ancestry of giving aback and acting as a acceptable abettor of the planet’s accustomed resources. The aggregation is a affiliate of the Standard and Poor’s 500 and the Dow Jones Sustainability Indexes. For added information, visit  www.campbellsoupcompany.com  or chase aggregation account on Twitter via  @CampbellSoupCo. To apprentice added about how we accomplish our aliment and the choices abaft the capacity we use, visit  www.whatsinmyfood.com.

Forward-Looking Statements

This absolution contains “forward-looking statements” that reflect the company’s accepted expectations about the appulse of its approaching affairs and achievement on the company’s business or banking results. These advanced statements await on a cardinal of assumptions and estimates that could be inaccurate and which are accountable to risks and uncertainties. The factors that could account the company’s absolute after-effects to alter materially from those advancing or bidding in any advanced account include: (1) the company’s adeptness to assassinate on and apprehend the accepted allowances from the accomplishments it intends to booty as a aftereffect of its contempo action and portfolio review, (2) the adeptness to differentiate its articles and assure its class arch positions, abnormally in soup; (3) the adeptness to complete and to apprehend the projected allowances of planned divestitures and added business portfolio changes; (4) the adeptness to apprehend the projected benefits, including amount synergies, from the contempo acquisitions of Snyder’s-Lance and Pacific Foods; (5) the adeptness to apprehend projected amount accumulation and allowances from its adeptness and/or restructuring initiatives; (6) the company’s acknowledgment and adeptness to pay such indebtedness; (7) disruptions to the company’s accumulation chain, including fluctuations in the accumulation of and aggrandizement in activity and raw and packaging abstracts cost; (8) the company’s adeptness to administer changes to its authoritative anatomy and/or business processes, including selling, distribution, accomplishment and advice administration systems or processes; (9) the appulse of able aggressive responses to the company’s efforts to advantage its cast adeptness with artefact innovation, promotional programs and new advertising; (10) the risks associated with barter and chump accepting of artefact improvements, shelving initiatives, new articles and appraisement and promotional strategies; (11) changes in chump appeal for the company’s articles and favorable acumen of the company’s brands; (12) alteration account administration practices by assertive of the company’s key customers; (13) a alteration chump landscape, with amount and e-commerce retailers accretion their bazaar presence, while assertive of the company’s key barter advance acceptation to the company’s business; (14) artefact affection and assurance issues, including recalls and artefact liabilities; (15) the costs, disruption and aberration of management’s absorption associated with campaigns commenced by activist investors; (16) the uncertainties of action and authoritative accomplishments adjoin the company; (17) the accessible disruption to the absolute architect administration models acclimated by assertive of the company’s businesses, including as a aftereffect of action or authoritative accomplishments affecting their absolute architect classification; (18) the appulse of non-U.S. operations, including barter restrictions, accessible bribery and acquiescence with adopted laws and regulations; (19) crime to amicableness or added abstract assets; (20) the company’s adeptness to assure its bookish acreage rights; (21) added liabilities and costs accompanying to the company’s authentic account alimony plans; (22) a actual abortion in or aperture of the company’s advice technology systems; (23) the company’s adeptness to allure and absorb key talent; (24) changes in bill barter rates, tax rates, absorption rates, debt and disinterestedness markets, aggrandizement rates, bread-and-er conditions, law, adjustment and added alien factors; (25) abrupt business disruptions in one or added of the company’s markets due to political instability, civilian disobedience, terrorism, armed hostilities, acute acclimate conditions, accustomed disasters or added calamities; and (26) added factors declared in the company’s best contempo Anatomy 10-K and subsequent Securities and Barter Commission filings. The aggregation disclaims any obligation or absorbed to amend the advanced statements in adjustment to reflect contest or affairs afterwards the date of this release.

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Important Additional Advice and Where to Find It

Campbell has filed a absolute proxy account on Schedule 14A and anatomy of associated GOLD Proxy Card with the Securities and Barter Commission (“SEC”) in affiliation with the address of proxies for its 2018 Annual Meeting of Shareholders (the “Definitive Proxy Statement”). Campbell, its admiral and assertive of its controlling admiral will be participants in the address of proxies from shareholders in account of the 2018 Annual Meeting. Advice apropos the names of Campbell’s admiral and controlling admiral and their corresponding interests in the aggregation by aegis backing or contrarily is set alternating in the Absolute Proxy Statement. Details apropos the nominees of Campbell’s Board of Admiral for acclamation at the 2018 Annual Meeting are included in the Absolute Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY’S DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO AND ACCOMPANYING GOLD PROXY CARD, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may access a chargeless archetype of the Absolute Proxy Account and added accordant abstracts that Campbell files with the SEC from the SEC’s website at  www.sec.gov  or Campbell’s website at  www.investor.campbellsoupcompany.com  as anon as analytic accessible afterwards such abstracts are electronically filed with, or furnished to, the SEC.

View antecedent adaptation on businesswire.com:https://www.businesswire.com/news/home/20181030005783/en/

CONTACT: Campbell Soup Company

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INVESTOR CONTACT:

Ken Gosnell, 856-342-6081

ken—[email protected]

or

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MEDIA CONTACT:

Thomas Hushen, 856-342-5227

thomas—[email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

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INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE SUPERMARKET

SOURCE: Campbell Soup Company

Copyright Business Wire 2018.

PUB: 10/30/2018 11:35 AM/DISC: 10/30/2018 11:35 AM

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Copyright Business Wire 2018.

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