Nestle gives Dan Loeb an Alpine peak to climb
NEW YORK (Reuters Breakingviews) - Nestle gives Dan Loeb a fresh peak to climb. The pushy billionaire boss of hedge fund Third Point has set his sights on the Swiss producer of everything from Alpo to Kit Kat and Perrier. Leviathan consumer groups have proven to be tough targets of late, both for activists and suitors. Loeb clearly likes a challenge, though, evidenced by his efforts to agitate Japanese companies to change.