{"id":64500,"date":"2018-07-03T00:08:47","date_gmt":"2018-07-03T04:08:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=64500"},"modified":"2018-07-02T23:47:13","modified_gmt":"2018-07-03T03:47:13","slug":"loebs-third-point-urges-nestle-to-split-into-three-units","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2018\/loebs-third-point-urges-nestle-to-split-into-three-units.html","title":{"rendered":"Loeb&#8217;s Third Point Urges Nestle to Split into Three Units"},"content":{"rendered":"<p>(Reuters) Billionaire investor Daniel Loeb on Sunday urged Nestle to split itself into three divisions, telling the Swiss group\u2019s board that it needs to be \u201csharper,\u201d \u201cbolder,\u201d and \u201cfaster\u201d in overhauling the company. Loeb, whose hedge fund Third Point has invested more than $3 billion in Nestle, said in a letter to the board that the company should divide itself internally into three units &#8211; beverages, nutrition and grocery in order to help \u201csimplify its overly complex organizational structure.\u201d<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-usa-weather\/expect-a-hot-july-fourth-as-heat-wave-sizzles-u-s-midwest-east-coast-idUSKBN1JS0AD\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Billionaire investor Daniel Loeb on Sunday urged Nestle to split itself into three divisions, telling the Swiss group\u2019s board that it needs to be \u201csharper,\u201d \u201cbolder,\u201d and \u201cfaster\u201d in overhauling the company. Loeb, whose hedge fund Third Point has [&hellip;]<\/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-64500","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64500","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=64500"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64500\/revisions"}],"predecessor-version":[{"id":64501,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64500\/revisions\/64501"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=64500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=64500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=64500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}