Unilever CFO Says SEC Automatic Approval Could See Ice Cream Demerger in December
Unilever CFO Srinivas Phatak said on Thursday the demerger of the group's ice cream business could happen in early December if The Magnum Ice Cream Company listing gains automatic SEC approval following the publication of its prospectus next month.
Unilever is delaying the ice cream spin-off due to the U.S. government shutdown and Phatak said that in the unlikely event that lasts for another month, a new SEC rule allowing companies statements' to become effective automatically could be triggered...
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