Nestle seen as ripe for activist investor play

• Nestle (OTCPK:NSRGF, OTCPK:NSRGY) could be the next food company to attract an activist investor, according to analysts.
• The company's uneven M&A record over the last few years and a new shareholder-friendly referendum in Switzerland create a favorable background for an activist.
• It would take at least a billion dollar investment in Nestle by an investor to acquire a large enough stake to grab a voice.