Nestle Ends Effort to Acquire Eskimo Pie Corp.

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.