(Bloomberg) Dan Loeb’s Third Point is urging Nestle SA to buy back more of its shares and accelerate portfolio changes at the company to better align with its strategy, including renewing a call for the company to sell its stake in L’Oreal. Loeb credited Mark Schneider, Nestle’s chief executive, with taking several important steps in his first year at the helm, including setting more aggressive sales and margin targets and announcing a 20 billion Swiss franc share buyback.
Loeb’s Third Point Calls for Faster Changes at Nestle in Letter
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