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Third Point Takes $3.5B Nestle Stake, Calls For Change

By Chelsea Naso (June 26, 2017, 5:49 PM EDT) -- Activist hedge fund Third Point revealed a more than $3.5 billion stake in Nestlé in a Sunday letter to investors, contending that the Swiss food company is an underperforming conglomerate "ripe" for change and should monetize it's L'Oréal stake and return capital to shareholders....

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