Nestlé will be a big bite for hungry hedge fund
UPDATED Earlier attempts to stir up sleepy European companies have failed.
The world’s largest food company, Nestlé, is in the sights of a billionaire American investor whose shareholder activism specialises in shaking companies all about.
Daniel Loeb runs the Third Point hedge fund, which has taken its largest ever gamble on a public company, with a $US3.5 billion ($5
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