Unilever Ice Cream Demerger Delayed
Unilever has postponed the demerger of its ice cream business, The Magnum Ice Cream Company, due to delays in the US.
The spin-off, originally set for November 10, now faces uncertainty amid tensions with Ben & Jerry's founders.
After 18 months of preparation, the demerger was postponed with no new date announced, reportedly due to the US federal government shutdown on October 1, which affected the administration side of The Magnum Ice Cream Company's IPO.
The company informed shareholders that the planned split has been postponed from the anticipated November 10 date.
- Demerger postponed with no new date announced
- US federal government shutdown affected the administration side of The Magnum Ice Cream Company's IPO
Author's summary: Unilever delays ice cream demerger due to US government shutdown.