Magnum Ice Cream Stock Jumps 12% On Take Private Reports
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Magnum Ice Cream's stock rose 12% amid reports that private equity firms Blackstone and CD&R are considering taking the company private. This follows its recent spin-off from Unilever. The firms are waiting for summer sales figures before making a bid. Meanwhile, a campaign led by Ben & Jerry’s co-founder Ben Cohen seeks to separate the brand from Magnum and Unilever, criticizing their lack of support for social causes. Magnum's first-quarter sales exceeded expectations, contributing to the stock's performance.
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