Third Point Invests Over $3.5b in Nestle, Holds About 40m Shrs
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
(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)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283