Nestle Targeted by Dan Loeb in $3.5 Billion Bet

Daniel Loeb has amassed the largest bet of his career, a $3.5 billion stake in Nestle SA by Third Point LLC, urging the company to sell its stake in L'Oreal SA and increase leverage for share buybacks. Bloomberg's Ed Hammond reports on "Bloomberg Surveillance." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/10)
19:47 - Bloomberg Daybreak: Americas hosted by David Westin and Alix Steel. Guests include Putri Pascualy, managing director and credit strategist at Pacific Alternative Asset Management Co., Brigadier General Mark Kimmitt, U.S. Army (ret.), and Stephen Auth, chief investment officer for global equities at Federated Investors. (Source: Bloomberg)
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