Word: maucher
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Dates: during 1984-1984
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...president, reportedly after a falling-out with Chairman H. Everett Olson, 77. Stuart, who controls as much as 20% of the firm, then decided to start unloading his stock. Rumors began spreading on Wall Street that Carnation was for sale, and by late July, Nestlé Managing Director Helmut Maucher came along with a friendly takeover offer. Meanwhile, investors ran up the price of Carnation stock from about 65 in July to 75½ by the time the deal was announced...
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