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Ice Cream Giant in Stock Market Heatwave
Description
Major private equity firms are circling the parent company of Ben and Jerrys and Magnum, pushing its valuation to seven point five billion pounds. Blackstone and Clayton Dubilier and Rice are reportedly considering a takeover, but the deal is still in early stages. The companys initial valuation was lower than expected, and Unilever, the former owner, plans to fully exit its nineteen point nine percent stake within five years. The firms are waiting for summer sales data before making formal bids, highlighting the potential in the frozen dessert market.
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