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
AUGUST 29, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - 20-32 119TH 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.
- 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.
- WD Navarre Holdings Files for Chapter 11 Protection
Friday Sep 8, 2017
WD Navarre Holdings LLC, the corporate parent of technology products distributor WYNIT Distribution LLC, filed for bankruptcy protection Friday.
- NCAA basketball scandal sends schools scrambling for self-reviews
By Eddie Pells - Monday Oct 16, 2017
The spate of arrests, details of under-the-table bribes to teenagers and the downfall of one of the sport’s best-known coaches have triggered uncomfortable soul-searching among the institutions at the heart of college basketball, including internal reviews by more than two dozen schools of their programs. At stake is the future of a business that, over a span of 22 years ending in 2032, will produce $19.6 billion in TV money for the NCAA Tournament, known to the public as March Madness.
- What's the Point of a Liberal Education? Don't Ask the Ivy League
Friday Sep 15, 2017
Few top colleges explain their purpose to students. They want to talk gender and inequality instead.