Nestle Ends Effort to Acquire Eskimo Pie Corp.
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Nestle U.S.A. Inc. in Glendale terminated talks to acquire the Eskimo Pie Corp. unit of Reynolds Metals Co. after the companies could not agree on terms.
As a result, Reynolds said it plans a public offering of its 84% stake in Eskimo Pie, a maker of ice cream products. Both Reynolds and Eskimo Pie are based in Richmond, Va. The remaining 16% of Eskimo Pie is owned by a Reynolds charitable trust and public investors.
Nestle U.S.A. controls the American operations of Nestle S.A., the Swiss-based food products conglomerate.
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