26 Jun 2017 Loeb's Third Point targets 'staid' Nestle for change ( Portfolio )

Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA (NESN.S) and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses. The 3.28 billion Swiss francs ($3.4 billion) stake is the largest ever taken by the hedge fund...