Ben & Jerry's and Unilever to Join Forces in Ice Cream Deal that Maintains Social Efforts.(Brief Article)

Food & Drink Weekly | April 17, 2000 | Copyright

Down-home Ben & Jerry's Homemade, Inc. and multinational consumer goods firm Unilever, have agreed to a unique and ground-breaking merger in which Ben & Jerry's will join forces with Unilever to create an even more dynamic, socially positive ice cream business with a global reach.

The Ben & Jerry's board approved Unilever's offer of $43.60 per share for all of the 8.4 million outstanding shares, valuing the deal at $326 million. Ben & Jerry's had sales of $237 million in 1999 with operating income of $13.5 million before a one-time charge. Under the agreement, Ben & ...

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