Loeb’s Third Point Takes $3.5B Stake in Nestle, Outlines Recommendations

(FINalternatives) Activist investor Dan Loeb has taken aim at global food maker Nestle, disclosing a 40-million share stake in the firm worth some $3.5 billion and urging Europe’s most valuable company to take steps to improve shareholder returns, including raising margins, buying back shares and divesting non-core businesses such as its $27 billion stake in L’Oreal.

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