LONDON (ShareCast) - (Sharecast News) - Consumer goods giant Unilever announced on Friday that the demerger of its ice cream business, now named The Magnum Ice Cream Company, will complete on 6 December.
Unilever said Magnum Ice Cream Company shares were expected to commence trading on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange on 8 December.

Following the demerger, Unilever said it plans to implement a share consolidation to maintain comparability of its per-share metrics, with the consolidation becoming effective on 9 December.

Unilever was forced to delay the demerger of its ice cream unit back in October due to the US federal government shutdown, which stalled a legal registration needed to list its shares in New York.





Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE