FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016. The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several... Flying is the passion for British aviatrix Tracey Curtis Taylor, and she is now on a solo flight to cross three continents and 23 countries in her own vintage open cockpit biplane. She has already crossed half of her journey from U.K. to Australia with a target to cover 13 thousand miles.
comments powered by Disqus
Trade K now with 
Follow RTT