Loeb's Third Point hedge fund targeting Nestle for strategic changes- Bloomberg
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.
LONDON May 17 European shares briefly turned flat around mid-session trade on Friday, with traders saying that earlier losses attracted a wave of buyers keen to take advantage of cheaper levels, and with autos boosted by car sales data.
The FTSEurofirst 300 was flat at 1,245.43 points by 0957 GMT, recovering from a session low of 1,239.55.
"The market doesn't want to go down ... Every time the market goes back, we have long funds going in to buy, and we see it in all the stocks we cover," said Martin Tormey, head of equity trading at Goodbody Stockbrokers.
Autos led the gainers after data showed Europe's car market growing for the first time in 1-1/2 years in April.
* Carmila launches a c. Euro 557 million capital increase in order to pursue its development plan