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: firstname.lastname@example.org