Unnamed bidder makes offer for Eskimo Pie
Monday, August 23rd 1999, 12:00 am
By: News On 6
(Richmond, Virginia-AP) -- Somebody wants to gobble up Eskimo
The ice cream company says it's received a takeover offer valued
at about ten dollars, 13 cents a share.
The company's stock opened today at ten dollars even, and was up
25 cents a share in midday trading.
Eskimo Pie isn't releasing the name of the interested party, but
it does say its second-largest shareholder, Peak Management,
supports the offer.
The company has formed a special panel to consider the proposal,
and explore other options for maximizing shareholder value.
Eskimo Pie began the frozen novelty industry in 1921 with the
introduction of its Eskimo Pie ice cream bar.