Word: bovril
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Dates: during 1970-1979
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...tooth and the weight-consciousness of Britons by forming Cavenham Foods as a diversified maker of candy and diet products. Following the recipes of Jim Slater and other British takeover specialists, Goldsmith began buying troubled foodmakers and selling off their undervalued surplus assets. He surprised British financiers by buying Bovril, maker of Britain's best-known beef extract, for $50 million in June 1971. Since then the price of Cavenham shares has tripled...