Loeb's fund Third Point hopes to drive improvement in profit margins and the sale of non-core assets

Dan Loeb, the US activist investor known for pushing change at Yahoo, Sotheby's and Honeywell, has splashed out on a $3.5bn stake in foods giant Nestlé, 

writes Saabira Chaudhuri for The Wall Street Journal.

The stake represents the largest-ever initial stake taken by Loeb's fund, Third Point - but his $3.5bn only buys a 1.25% stake in Nestlé, which is one of the world's largest public companies.

US activist Dan Loeb makes biggest-ever bet on Nestlé

US activist Dan Loeb makes biggest-ever bet on Nestle

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