There may be one less bidder for Campbell Soup Co.'s international division.
One of Kraft Heinz's largest shareholders is opposing the company's participation in the auction for Campbell's international division — which includes the Arnott's biscuits and crackers brand — and it's threatening to organize a proxy contest if a deal proceeds.
Camden, N.J.-based Campbell Soup Co. in August this year announced it would sell its fresh and international business segments to focus on its snacks and…