In the spring of 1991, Reynolds Metals decided, the makers of aluminum products to sell its stake Eskimo Pie, a marketer of branded frozen novelties. Reynolds had an offer from Nestle to acquire Eskimo Pie. However, Reynolds instead an IPO Eskimo Pie decided to do shares.

In the spring of 1991, Reynolds Metals decided, the makers of aluminum products to sell its stake Eskimo Pie, a marketer of branded frozen novelties. Reynolds had an offer from Nestle to acquire Eskimo Pie. However, Reynolds instead an IPO Eskimo Pie decided to do shares.
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from
Richard S. Ruback
Source: Harvard Business School
15 pages.
Publication Date: Sep 19, 2001. Prod #: 202037-PDF-ENG
Eskimo Pie Corp. (shortened) HBR case solution