{"id":58669,"date":"2017-06-26T08:52:33","date_gmt":"2017-06-26T12:52:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=58669"},"modified":"2017-06-26T08:52:33","modified_gmt":"2017-06-26T12:52:33","slug":"loebs-third-point-targets-staid-nestle-for-change","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2017\/loebs-third-point-targets-staid-nestle-for-change.html","title":{"rendered":"Loeb’s Third Point Targets ‘Staid’ Nestle For Change"},"content":{"rendered":"

(Reuters) 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 margins, buy back stock and shed non-core businesses.<\/p>\n

The 3.28 billion Swiss francs ($3.4 billion) stake is the largest ever taken by the hedge fund, which pressed for change in recent years at U.S. internet firm Yahoo and Japan’s Sony Corp (6758.T). It said in a letter posted on its website that it had already had productive conversations with Nestle management.<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) 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 margins, buy back stock and shed non-core […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58669","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=58669"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58669\/revisions"}],"predecessor-version":[{"id":58670,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58669\/revisions\/58670"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=58669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=58669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=58669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}