Campbell Soup may bid for biscuit activities of United Biscuits

Campbell Soup Co., is reportedly looking into making a bid worth $2.3 billion to acquire the largest portion of British food company United Biscuits, according to a media report Sunday.

Campbell (CPB 36.95, +0.31, +0.85%)  is considering making a bid for United Biscuits' biscuit-making operations, which accounts for about 75% of United Biscuits total business, according to a report in the Sunday Times of London.

The Times said Campbell is not as interested in acquiring United Biscuits' snacks business as it is the company's biscuit-making operations.