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Kellogg Weighing Offer For United Biscuits: Reports

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 RTTNews Staff Writer

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