1. Nestle

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    14. Dan Loeb's Third Point calls for Nestle Changes

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      Dan Loeb's Third Point calls for Nestle Changes
      Activist investor Dan Loeb's Third Point LLC is keeping pressure on Nestl SA, saying the giant consumer company needs to do more to realign its portfolio, including getting out of its stake in cosmetics giant L'Oral SA. The activist, writing to his own investors, says Nestl has taken some "important" steps recently, pointing to new board members the company announced and plans to increase margins, but believes more ...
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      Mentions: Nestle Third Point Dan Loeb
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  4. Quotes about Nestle

    1. Speculation will now inevitably be reignited around Nestle's intentions towards its L'Oreal stake.
      In L'Oreal Advances on Prospect of Sale of Nestle's Holding
    2. We consider this the most likely resolution of Nestle's holding position, though timing is of course far from clear.
      In L’Oreal CEO Says Cosmetics Maker Ready to Buy Nestle's Stake - Bloomberg
    3. We do not think Nestle are sellers.
      In L’Oreal CEO Says Cosmetics Maker Ready to Buy Nestle's Stake - Bloomberg