 The IPO marks the end of exclusively family control of the company, although Bieswal, Leclef and Michiels families retained the majority.In 1987, Nestlé and Jacobs Suchard launched a hostile takeover bid for Cote d’Or, having the effect of a bomb on the financial center in Brussels, unaccustomed to aggressive takeovers.But the families who controlled the company were aware that they needed to grow, with new means that existing shareholders could not provide sufficiently.