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Europe is the new hunting ground for US investors

Bottles of Perrier at Nestle's bottling plant in Vergeze, France. In announcing plans to buy US$3.5 billion of Nestle shares, US billionaire Daniel Loeb has revealed the European ambitions of investors with bulging wallets who say they want to restore power to shareholders.

New York

AFTER buying big American brands like Apple, Pepsi and Yahoo!, activist shareholders - investors in search of big dividends - now are setting their sights on European companies like Nestle.

"No company is really immune from activism except perhaps for the very largest...

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