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Wall Street Breakfast

Ben & Jerry’s founders eye a second scoop

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 27 February 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Ben & Jerry in talks to buy back eponymous brand from Unilever (UL). (00:30) Anheuser-Busch (BUD) sees only a limited impact on beer prices from tariffs in 2025. (02:05) META said to apologize for glitch that flooded Instagram Reels with graphic content. (02:56)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.0

Good morning. Today is Thursday, February 27th. I'm Julie Morgan. Ben and Jerry could get back into the ice cream business.

0:17.4

The price of a beer may not go up this year, but next year is a different story.

0:22.7

And if your suggested feed on Instagram seemed totally off yesterday, Meta is apologizing.

0:30.4

The founders of Ben and Jerry's ice cream are reportedly in talks to buy the iconic company back from Unilever.

0:36.9

Ben Cohen and Jerry Greenfield, who started

0:39.4

their ice cream business in 1978 in Burlington, Vermont, sold the business in 2000 for

0:45.8

$326 million. The company has since gone on to become the number one selling ice cream in the U.S.

0:52.3

with annual sales reaching a billion dollars.

0:55.6

Last year, in an effort to slim down its business and focus on its core businesses,

1:00.9

Unilever was in discussions to either sell its ice cream business, which includes Ben and Jerry's,

1:06.7

briars and Magnum, to a private equity firm, or spin off the businesses into an IPO to be listed

1:13.2

on the Amsterdam Stock Exchange. This was part of a broader concession to the Netherlands government

1:19.4

to retain some of Unilever's operations in the country. In return for tax incentives, Unilever

1:25.6

vowed to list any businesses that were spun off in the future

1:29.3

with the Dutch Exchange. After the private equity deal fell through, Unilever continued to move ahead

1:35.3

with the separation of the ice cream business. With Unilever opening up the possibility of a sale,

1:41.1

Cohen and Greenfield could regain ownership of their namesake company,

1:45.7

albeit at a significant premium from its sale in 2000.

1:49.7

According to Bloomberg, Cohen and Greenfield may look to partner with socially minded investors

1:55.0

with deep pockets to finance a multi-billion dollar acquisition.

1:58.9

In an emailed statement to Bloomberg, Unilever insists the

...

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