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Chinese Company in Secret Talks for United Biscuits, Times Says

Sept. 26 (Bloomberg) -- Chinese food manufacturer Bright Food is in exclusive negotiations about buying the U.K.’s United Biscuits, the Sunday Times reported, without saying how it obtained the information.

The Shanghai-based company edged out rivals, including Campbell Soup Co., in a takeover battle that may value the U.K. maker of Jaffa Cake and McVitie’s biscuits at 2 billion pounds ($3.16 billion), the newspaper said today.

To contact the reporters on this story: Agnes Lovasz in London at alovasz@bloomberg.net

To contact the editors responsible for this story: Willy Morris at wmorris@bloomberg.net

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