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Hedge fund bets $3.5B on Nestle

Posted online June 26, 2017 | 11:43 am

Dan Loeb's Third Point hedge fund is betting big on Nestle.

Third Point announced yesterday it invested $3.5 billion into the company.

The company plans to help Nestle officials come up with new sales and profitability strategies.

Read more from CNNMoney.

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