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
MAY 06, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - MATTONE INVESTORS RACEWAY LLC
Around the Web
- Dan Loeb's Third Point Makes Its Largest-Ever Bet With Nestlé Stake
Sunday Jun 25, 2017
- 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...
- Truex wins fuel-mileage gamble at The Glen
By Chronicle news services - Sunday Aug 6, 2017
Martin Truex Jr. won a fuel-mileage gamble, holding off Matt Kenseth on the final lap to capture the NASCAR Cup race at Watkins Glen (N.Y.) International on Sunday.Trailing by 3 seconds after saving fuel for several laps, Truex assumed the lead in his No. 78 Toyota and, despite a bobble and locking the brakes as Kenseth challenged on the last lap, won for the fourth time this season.Truex boosted his playoff points total to 34, nearly double that of second-place Jimmie Johnson (18) as his best season shows no signs of tailing off.“I feel like with the way we run, coupled with the bonus points, we should be a lock” for the season finale in Homestead, Fla., Truex said.Antron Brown, who was second at Sonoma Raceway last weekend, raced to victory in the Top Fuel final at the Northwest Nationals in Kent, Wash.
- 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.
- Rooted in Counterculture, Whole Foods’ Founder Finds an Unlikely Refuge
By MICHAEL J. de la MERCED and ALEXANDRA STEVENSON - Friday Jun 16, 2017
John Mackey wanted to fight off the activist investors attacking Whole Foods. He found a savior in Amazon, a company blamed for laying waste to retailers.