date:Aug 08, 2014
US-based Kellogg is considering a 2bn ($3.37bn) offer to buy UK-based United Biscuits, reports Sky News.
United Biscuits produces brands such as McVitie's and Penguin.
Sky News also noted that Kellogg has appointed investment bankers at Barclays to assess an offer for United Biscuits.
United Biscuits' private equity owners, Blackstone Group and PAI Partners have also started working on a public listing or a sale of the company.
According to Industry insiders, Kellog could be suited for Unite