HALISTER: Third Point Invests Over $3.5b in Nestle, Holds About 40m Shrs

Third Point Invests Over $3.5b in Nestle, Holds About 40m Shrs

(Bloomberg) -- Holds stake in funds, special purpose vehicle raised for Nestle opportunity; investment including options is more than $3.5b, Third Point says in letter.
  • Says Nestle should sell L’Oreal stake; remaining 23% stake it owns is worth more than $25b
  • Share buybacks “particularly attractive option at the moment”
  • Should adopt formal margin target

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
OR FP (L'Oreal SA)
NESN VX (Nestle SA)
TPOU LN (Third Point Offshore Investors Ltd)

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UUID: 7947283

HALISTER: Italy Commits $19 Billion for Veneto Banks in Largest State Deal

Italy Commits $19 Billion for Veneto Banks in Largest State Deal

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
ISP IM (Intesa Sanpaolo SpA)
1021Z IM (Banca Popolare di Vicenza)
2539Z GR (European Central Bank)
3141276Z IM (Veneto Banca SpA)

People
Carlo Messina (Intesa Sanpaolo SpA)
David Hendler (Viola Risk Advisors LLC)
David I Scheer (Axerion Therapeutics Inc)
Margrethe Vestager (European Commission)
Paolo Gentiloni (Republic of Italy)

Topics
Subordinated Debt

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UUID: 7947283