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Campbell Soup May Bid $2.3 Billion for United Biscuits Unit, Times Reports

Campbell Soup Co. is preparing a 1.5 billion pounds ($2.3 billion) offer for parts of United Biscuits Holdings Ltd., the Sunday Times said, without saying where it got the information.

Campbell wants to buy United’s biscuit-making operations, which make up about three quarters of its business, the London- based newspaper said.

Campbell Soup spokesman Anthony Sanzio declined to comment when contacted by telephone today.

To contact the reporters on this story: Matthew Brown in London at mbrown42@bloomberg.net

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