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Nestle and L'Oreal are getting a Boost from an Activist Investor

Stock Market Data Today

Nestle's stock price is getting a huge boost from an activist hedge fund.

Daniel Loeb, famous for being a successful activist investor in companies like Yahoo and Sony, has set his sights on the consumer conglomerate Nestle.

Loeb's hedge fund, Third Point, released a note Sunday disclosing its share in Nestle. The fund currently owns roughly 40 million shares, worth about $3.5 billion...

Mentions: Activist Investors Hedge Fund Nestle