Cereal maker Kellogg Co. (K) 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.
by RTT Staff Writer
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