Unilever PLC announced on Tuesday that the timeline for the planned demerger of The Magnum Ice Cream Company has been delayed because the U.S. federal government shutdown has prevented the Securities and Exchange Commission from approving the registration statement required for the shares to be admitted to the New York Stock Exchange.
The company said preparatory work for the demerger remains on track and that a shareholder vote on a proposed consolidation of Unilever’s share capital in connection with the demerger will take place today at 8 a.m. local time.
The demerger was originally slated for a mid‑November listing in Amsterdam, London and New York, but the shutdown has pushed the timeline back, creating uncertainty for investors and potentially affecting the valuation of the new entity.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.