Nestle SA is being targeted by activist investor Dan Loeb’s hedge fund Third Point, which has built a stake of more than $3.5 billion in the the world’s biggest food company. The fund intends to encourage management to “pursue change with a greater sense of urgency” by selling its stake in L’Oreal SA, increasing leverage for share buybacks and reviewing its portfolio, among other suggestions.
Submitted June 26, 2017 at 12:36AM by ChocolateTsar http://ift.tt/2s7cGw1
