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Authors: Ram Subramanian
Published by: Ivey Publishing
Originally published in: 2019
Version: 2019-10-29
Revision date: 11-Nov-2019
Length: 7 pages
Data source: Published sources

Abstract

In 2018, Nestle, the Switzerland-based, multinational food and nutrition company, faced an activist campaign by Third Point LLC regarding the company's passive stake in L'Oreal. In its June 2017 letter, which was followed up by a July 2018 reminder, the activist fund urged Nestle to sell its L'Oreal stake and use the funds to strengthen its position in its core health and nutrition markets. L'Oreal was also asking Nestle to clarify its position regarding the investment. Nestle's recently appointed chief executive officer needed to make a decision regarding the L'Oreal stake. How should he address the activist fund and respond to L'Oreal's request?
Location:
Size:
Large
Other setting(s):
2018

About

Abstract

In 2018, Nestle, the Switzerland-based, multinational food and nutrition company, faced an activist campaign by Third Point LLC regarding the company's passive stake in L'Oreal. In its June 2017 letter, which was followed up by a July 2018 reminder, the activist fund urged Nestle to sell its L'Oreal stake and use the funds to strengthen its position in its core health and nutrition markets. L'Oreal was also asking Nestle to clarify its position regarding the investment. Nestle's recently appointed chief executive officer needed to make a decision regarding the L'Oreal stake. How should he address the activist fund and respond to L'Oreal's request?

Settings

Location:
Size:
Large
Other setting(s):
2018

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