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