Campbell’s soup has been around for almost 200 years and is still one of the most popular soup brands today.

It is basically an American institution, which is why so many people are distraught right now after learning that Campbell’s may be closing down.

Campbell’s stockholders recently engaged in a major disagreement, which resulted in several financial details about the firm becoming public.

Over the last several years, the majority of Americans have shifted away from processed meals in favor of more natural alternatives.

When their sales fell, Campbell’s began to acquire other firms in an attempt to diversify, but this proved to be a big error. The corporation is currently $9 billion in debt.

The Dorrance family, which controls 40% of the company, is adamant about not changing anything. Third Point, which owns around 7% of Campbell’s shares, is headed by hedge fund investor Daniel Loeb, who has been urgently attempting to persuade Campbell’s to undertake a number of changes, including shifting the brand from recipes to logos and removing the famous red and white cans.

When the family refused to make any changes, Loeb sued the firm for mismanagement and accused them in an open letter of “waste, ill-conceived strategy, and inept execution.” Loeb, according to Campbell’s, is “unoriginal and uninformed.”

Third Point indicated interest in reorganizing the board, and the two parties were able to agree on two of the five nominated directors from Third Point to be appointed to the board earlier this week.

This might imply that further changes are on the horizon for Campbell’s and that these changes may be required if the company is to survive.