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Dreyer's Grand Ice Cream Holdings, Oakland, Calif., said last month it had a fourth-quarter loss, as costs were up and the company continued to have charges related to its 2003 merger with Nestle's U.S. ice cream business.
Dreyer's said its fourth-quarter loss was $70.4 million, or 75 cents a share. Dreyer's used reverse acquisition accounting for the Nestle deal, so the results are not directly comparable to the company's year-ago loss of $17.8 million, or 28 cents a share.
Dreyer's completed its $2.8 billion merger with Nestle's U.S. ice cream business June 26.