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Home>Dan Loeb's Third Point Takes $3.5 Billion Stake in Nestlé -- Update

Dan Loeb's Third Point Takes $3.5 Billion Stake in Nestlé -- Update

3party Content

Mon, 26 Jun 2017

By Saabira Chaudhuri Billionaire activist investor Daniel Loeb's Third Point LLC hedge fund has taken its largest-ever bet on a public company, accumulating a $3.5 billion stake in Nestlé SA and piling pressure on the world's largest packaged foods company to find ways to accelerate growth.

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