Advertisement
UK markets close in 4 hours 13 minutes

  • FTSE 100

    8,084.64
    +44.26 (+0.55%)
     

  • FTSE 250

    19,694.02
    -25.35 (-0.13%)
     

  • AIM

    754.66
    -0.03 (-0.00%)
     

  • GBP/EUR

    1.1662
    +0.0017 (+0.15%)
     

  • GBP/USD

    1.2508
    +0.0045 (+0.36%)
     

  • Bitcoin GBP

    50,878.87
    -2,221.27 (-4.18%)
     

  • CMC Crypto 200

    1,350.20
    -32.37 (-2.34%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    82.88
    +0.07 (+0.08%)
     

  • GOLD FUTURES

    2,340.20
    +1.80 (+0.08%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,945.18
    -143.52 (-0.79%)
     

  • CAC 40

    8,015.08
    -76.78 (-0.95%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Kellogg evaluating offer for UK's United Biscuits - Sky News

Reuters - UK Focus

Aug 6 (Reuters) - Kellogg Co is considering a 2 billion pound ($3.37 billion) offer for United Biscuits (IPO-UNI (Other OTC: CEMTY - news) .L), the UK-based maker of McVitie's, Sky News reported.

Industry insiders have said Kellogg could be a possible suitor for United Biscuits, given its large presence in the snack aisle with Keebler cookies, Pop Tarts and Cheez-It crackers and due to the struggles at its core cereal business.

Sky News said Kellogg was working with investment bank Barclays (LSE: BARC.L - news) on a possible deal. (http://bit.ly/1y65JTa)

United Biscuits' private equity owners, Blackstone Group LP and PAI Partners, have also been reported to be working on a public listing or a sale of the company.

Representatives for Kellogg and United Biscuits were not immediately available for comment. ($1 = 0.5936 British pound) (Reporting by Ramkumar Iyer in Bangalore)