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Blackstone, CD&R Eye Magnum Ice Cream in Early Takeover Talks

Magnum Ice Cream Company shares surged 18% Friday after Blackstone and CD&R entered early-stage discussions about acquiring the world's largest standalone ice cream maker. The exploration comes just six months following Magnum's spinoff from Unilever. The company operates leading brands including Magnum, Cornetto, Heartbrand, and Ben & Jerry's. According to sources, both firms are closely monitoring share valuations before committing to formal bids. Potential acquirers are awaiting Magnum's summer sales results to inform their decision-making process. Amsterdam-listed shares rose 17% on the takeover speculation. Neither CD&R nor Magnum immediately responded to requests for comment. The company demonstrated momentum in April when first-quarter results exceeded analyst expectations.