Campbell Soup may bid for biscuit activities of United Biscuits

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Campbell Soup may bid for biscuit activities of United Biscuits
August 22, 2010
Source
Market Watch
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.
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Highlighted Company

  • Pladis (UK) Limited (United Biscuits)

    United Biscuits (UB) is a leading European manufacturer of biscuits. Until the sale of UB subsidiary KP Snacks to Intersnack - an agreement announced in December of 2012 - United Biscuits was also a leading manufacturer of nuts and savory snacks. Pladis (UK) Limited is trading name of United Biscuits.

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