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.
NYS Entity Status
NYS Filing Date
JUNE 16, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - BULLET POINT DRIVING COMPANY, LLC
Around the Web
- Shareholders Demand More Drastic Shifts at Nestlé
By STEPHANIE STROM - Tuesday Jun 27, 2017
- Dan Loeb's Third Point Makes Its Largest-Ever Bet With Nestlé Stake
Sunday Jun 25, 2017
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.
- Dan Loeb buys a chunk of Nestle, blasts ‘staid’ culture
By Carleton English - Monday Jun 26, 2017
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...
- Lawmaker seeks probe after AP reveals maggots in NY facility
By DAVID KLEPPER, Associated Press - Saturday Aug 12, 2017
ALBANY, N.Y. (AP) — A New York state lawmaker is demanding a federal investigation into New York state's care for the disabled following a recent Associated Press story that revealed the case of a man infested with maggots in a state-run group home.Democratic Assemblyman Anthony Brindisi, of Utica, told the AP on Saturday that he is asking the U.S. Department of Health and Human Services to investigate the group home and other state-regulated facilities for the disabled where there have been allegations of abuse and neglect.A copy of the report was obtained by The Associated Press, which found that New York state is not alone in making it difficult for members of the public to access records about allegations of abuse and neglect in state-regulated facilities for the disabled.
- 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.
- Big Oil Bites the Low-Price Bullet
Tuesday Aug 1, 2017
Investors need to make sure companies can keep paying their generous dividends.