Unilever and Ben & Jerry’s have been at odds since at least 2021, when the ice cream maker said it would stop selling in the Israel-occupied West Bank.

Ben & Jerry’s co-founder Ben Cohen said on Tuesday that the ice cream brand had, amid tensions with its parent Unilever UNLYF , tried to engineer a sale to investors at a fair market value between US$1.5-$2.5 billion, which had been knocked back.

“Unilever wasn’t willing to consider that,” Cohen told Reuters after a protest outside a Unilever investor event linked to a planned listing of the company’s broader Magnum ice cream unit that contains Ben & Jerry’s and brands like Cornetto.

As the new Magnum Ice Cream Company presented its growth plans on its first investor day ahead of the listing, the standoff highlights one of the challeng

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