Unilever PLC ( NYSE: UL ) is considering a sale of some of its U.S. ice cream brands in a deal that could bring in as much as $3B.
The Klondike and Breyers brands are reported to be part of the ongoing discussions with outside parties, while the Magnum and Ben & Jerry's brands are not.
London-based Unilever ( UL ) is the largest ice cream maker in the world, but has been under activist pressure that has placed a spotlight on many of the well-known businesses. A potential complication with a sale is that Unilever ( UL ) makes its local ice cream brands at the same sites as its international ones, which leaves open the possibility that the consumer goods giant would consider a full exit from the ice cream business down the road.
Shares of Unilever ( UL ) fell 0.47% in premarket trading on Thursday and is off 5.99% for the year.
Seeking Alpha Marketplace author Tariq Dennison is a strong bull on Unilever, calling it a top blue chip stock for 2023.
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Unilever discusses sale of some ice cream businesses