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Posted on: June 26, 2017, 12:56 p.m.
Nestle's stock price is getting a huge boost from an activist hedge fund. Daniel Loeb, famous for being a successful activist investor in companies like Yahoo and Sony, has set his sights on the consumer conglomerate Nestle. Loeb's hedge fund, Third Point, released a note Sunday disclosing its share in Nestle. The fund currently owns roughly 40 million shares, worth about $3.5 billion. Full investment news articleRelevent to this post: Public School and Education Employee Retirement Systems of Missouri Daniel Loeb,