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US activist investors gun for Europe

Activists, emboldened by less prohibitive corporate laws in EU, move swiftly to target titans of trade.

Workers at a Nestle food research facility in Ohio. The Swiss food giant is caught in the crosshairs of high profile US investor Daniel S Loeb, who informed Nestle on June 25 that he had amassed about US$3.5b in Nestle stock and would like to see the company make big changes.

ACTIVIST investors - money managers who seek to shake up a company's strategy in search of huge paydays - have been growing in size and power in the United States, bringing to heel even the most powerful corporate titans.

Now, these investors are taking their fights overseas with bigger...