Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Kellogg Weighing Offer For United Biscuits: Reports

RELATED NEWS
Trade K now with 

Cereal maker Kellogg Co. (K: Quote) is weighing an offer for UK-based snacks and cookies maker United Biscuits Ltd., reports said Wednesday.

Kellogg has hired Barclays as advisor to evaluate an offer for the firm, which is owned by private-equity firms Blackstone Group LP and PAI Partners.

Last month The Wall Street Journal had reported that United Biscuits was considering an initial public offering.

K closed up 2.3 percent on Wednesday.

Click here to receive FREE breaking news email alerts for Kellogg Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After initially showing a lack of direction, stocks have moved sharply lower over the course of the trading day on Thursday. The losses on the day are extending a recent downward trend by the markets, with the major averages falling to their lowest levels in over a month. After reporting a sharp jump in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Thursday showing that factory orders pulled back by a little more than expected in the month of August. First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 27th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 287,000, a decrease of 8,000 from the previous week's revised level of 295,000.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.