Billionaire activist investor Daniel Loeb’s Third Point LLC hedge fund has taken a $3.5 billion stake in Nestlé SA, piling pressure on the world’s largest packaged foods company to find ways to accelerate growth.
NYS Entity Status
NYS Filing Date
SEPTEMBER 18, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - 260 LAKE STREET, LLC
AROUND THE WEB
- Dan Loeb's Third Point Makes Its Largest-Ever Bet With Nestlé Stake
Sunday Jun 25, 2017
- Shareholders Demand More Drastic Shifts at Nestlé
By STEPHANIE STROM - Tuesday Jun 27, 2017
The changes requested by the Third Point hedge fund underscore the idea that legacy food brands must radically shake up their portfolios to remain profitable.
- Vote for WSJ's House of the Week
Friday Jun 8, 2012
Stefanos Chen on Lunch Break shows us the latest homes vying to be WSJ's House of the Week, including a high-altitude house in Lake Tahoe, a Spanish-style home in Oklahoma, an English manor in Atlanta and a Bedford, N.Y. home built from the remnants of an old dairy barn. Photo: Steve Turner.
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
- Sage grouse conservation changes praised, provoke alarm
By MEAD GRUVER and MATTHEW BROWN, Associated Press - Tuesday Aug 8, 2017
The ground-dwelling sage grouse has lengthy, pointed tail feathers and is known for the male's elaborate courtship display in which air sacs in the neck are inflated to make a popping sound.The proposed changes, the result of a 60-day review of the plan by Zinke's agency, could give states wiggle room in areas such as setting population goals for sage grouse and drawing boundaries of recognized sage grouse habitat.Advocacy groups such as The Wilderness Society and National Wildlife Federation said the proposal was a backdoor attempt to allow unfettered oil and gas development that ignored previous scientific studies showing that drilling too close to sage grouse breeding areas would harm the birds.The birds inhabit parts of 11 states including large swaths of Wyoming, Utah, Idaho and Nevada — big ranching states that include areas with vast wind energy and gas drilling potential.Areas where sage grouse habitat and gas drilling overlap include the upper Green River Basin of western Wyoming, home of some of the biggest onshore natural gas fields in the U.S.Jonah Energy LLC, recognizes the existence of sage grouse winter range in the southern part of its proposed gas field about 200 miles (321.85 kilometers) northeast of Salt Lake City, said Paul Ulrich, government affairs director at the Denver-based petroleum company.
- Lake Tahoe Estate Asks $75 Million
Thursday Jul 6, 2017
In Crystal Bay, Nev., the waterfront property of Stuart and Geri Yount includes two glass funiculars to connect its hillside homes.