Magnum (MICC) ‘Eyed for Takeover’, Climbs 11%

The Magnum Ice Cream Company NV’s (NYSE:MICC) is one of the 10 Stocks Dominating With Powerful Gains.

Magnum saw its share prices jump by 10.92 percent on Friday to close at $16.66 apiece, as investors increased their exposure following news that it is being eyed for acquisition by several private equity firms.

A report by Reuters, citing sources privy to the matter, said that investment firms Blackstone and CD&R are among the companies planning to take over the giant ice cream maker, and that share price monitoring is underway before deciding whether to make a move.

A Magnum ice cream. Photo from Unilever Arabia

Reuters said that the companies are waiting for The Magnum Ice Cream Company NV’s (NYSE:MICC) summer sales report before making a decision.

Earlier this year, The Magnum Ice Cream Company NV (NYSE:MICC) reported solid sales growth in the first quarter of the year, with organic sales growth jumping by a faster pace of 4.5 percent, versus 3.8 percent in the same period last year, thanks to a healthy volume growth across three regions.

Revenues stood at €1.77 billion, dipping by 1.2 percent from the €1.792 billion in the same comparable period, primarily dragged by a 5.5 percent negative impact on foreign exchange.

The company also reaffirmed its sales growth outlook for full-year 2026 at 3 to 5 percent, albeit remaining cautious over the uncertainties in the Middle East.

It said that mitigation measures are being implemented, albeit direct regional exposure remains limited.

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