Deals
Bright Food Says It’s in Talks to Buy United Biscuits
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Bright Food Group Co., Shanghai’s biggest food and dairy company, is in discussions for a possible acquisition of the U.K.’s United Biscuits from Blackstone Group and PAI Partners.
The Sunday Times reported yesterday that Bright Food is in exclusive talks to buy United Biscuits, the maker of Jaffa Cake and McVitie’s cookies, in a transaction that may be valued at 2 billion pounds ($3.2 billion).