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Deals Rumor Mill: Nestlé, Alpargatas, Abercrombie & Fitch

By Benjamin Horney (July 10, 2017, 5:04 PM EDT) -- New York-based Third Point LLC, the hedge fund founded by Daniel Loeb, is continuing to push for changes at Nestlé, with Reuters reporting on Monday that the two sides have been in regular contact in recent weeks. According to the report, Loeb still wants Nestlé to exit its $26 billion stake in French cosmetics company L'Oreal SA, among other actions. Third Point in late June revealed a more than $3.5 billion stake in Nestlé in a letter to investors, contending the Swiss food company is an underperforming conglomerate "ripe" for change....

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