Unilever Delays Ice Cream Spinoff on US Federal Shutdown (3)

Unilever Plc pushed back its demerger of Magnum Ice Cream Co. due to the government shutdown in the US, though it expects to complete the spinoff this year.

The US Securities and Exchange Commission is unable to declare effective the US registration statement required for the ice-cream company’s shares to be admitted to the New York Stock Exchange, the Anglo-Dutch consumer goods company said Tuesday.

The latest US government shutdown — the third under President Donald Trump — began on Oct. 1 when Congress failed to pass a stopgap funding measure, triggering the country’s first government closure in almost seven ...