This Ice Cream Maker Just Went Public. Now Blackstone Might Want to Take It Private.

Blackstone and CD&R are among the private-equity firms in the early stages of exploring bids for the company, Reuters reported, citing two unnamed sources. The resulting speculation lifted shares 11% to $16.66 on Friday, putting them on pace for their highest close since February, according to Dow Jones Market Data. CD&R declined to comment, while Blackstone didn’t immediately respond to a request from Barron’s. A Magnum spokesperson said the company doesn’t comment on “rumors of speculation in the marketplace.”