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00:02Magnum ice cream shares jumped after Reuters reported Blackstone and Clayton DuBellier,
00:07and Rice are exploring a potential bid for the company, according to CNBC.
00:12The report comes less than six months after its spinoff from Unilever.
00:17Reuters reported potential bidders are monitoring Magnum's share price
00:20and waiting for summer sales results before deciding whether to move forward.
00:24Magnum's Amsterdam-listed shares rose as much as 18%,
00:28while U.S.-listed shares also climbed in pre-market trading.
00:32Magnum owns Ben & Jerry's, Cornetto, Heart Brand, and Magnum ice cream brands.
00:37The company reported first-quarter sales of $2.06 billion in April,
00:42beating expectations after a previous quarterly miss.
00:45Analysts said peak summer sales will be critical
00:48as the company faces uncertainty tied to growth prospects,
00:51consumer sentiment, and higher energy and input costs.
00:55For all things money, visit Benzinga.com.
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