Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor’s hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest packaged foods company, representing roughly 1.25 percent of the Swiss-based company’s shares. Loeb is hoping to reinvigorate the brand amid changing food tastes as well...
NYS Entity Status
NYS Filing Date
APRIL 08, 2013
NYS DOS ID#
CT CORPORATION SYSTEM
111 EIGHTH AVENUE
NEW YORK, NEW YORK, 10011
NYS Entity Type
FOREIGN BUSINESS CORPORATION
2013 - NESTLE DREYER'S ICE CREAM COMPANY
AROUND THE WEB
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Billionaire Dan Loeb has already managed to extract a few sweeteners from Nestle. The world’s largest packaged foods company, under pressure from Loeb’s hedge fund to sell off assets, said Tuesday it will begin a nearly $20 billion share buyback program beginning next month, which will extend over the next three years. The chocolate conglomerate...
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Tommy Daras is fighting to have a Confederate flag removed from over his business, but a former owner sold the land to Confederate veterans.