Campbell Soup May Bid for United Biscuits Unit

Before you go, we thought you'd like these...
Before you go close icon
Campbell Soup Co. (CPB) may make a £1.5 billion ($2.3 billion) bid for the biscuit-making unit of British company United Biscuits.

Campbell is interested in the biscuit business, which makes up around three quarters of the company, and is less keen on United Biscuits' snack unit, Reuters reported, citing a story in the British press.

United Biscuits is owned by private equity firms Blackstone Group LP (BX) and PAI Partners. They are open to bids for the unit given the apparent lack of interest in the overall company.

In July, Reuters reported that the private equity outfits were considering selling United Biscuits for more than £2 billion.
Read Full Story

Markets

S&P 500 2,271.31 7.62 0.34%
DJIA 19,827.25 94.85 0.48%
NASDAQ 5,555.33 15.25 0.28%
DAX 11,630.13 33.24 0.29%
HANG SENG 22,885.91 -164.05 -0.71%
NIKKEI 225 19,137.91 65.66 0.34%
USD (per EUR) 1.07 0.00 0.31%
USD (per CHF) 1.00 0.00 0.01%
JPY (per USD) 114.52 -0.45 -0.39%
GBP (per USD) 1.24 0.00 0.24%

From Our Partners