Deals
Mondelez in Advanced Talks for Campbell's Cookie Assets
- Oreo maker negotiating terms for Arnott’s Biscuits, Kelsen
- Parties discussing price of around $2.5 billion for assets
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Mondelez International Inc., the maker of Oreo cookies and Cadbury chocolates, is in advanced talks to acquire international brands being sold by Campbell Soup Co., people familiar with the matter said.
Mondelez is negotiating final terms of a purchase of Arnott’s Biscuits, the Australian maker of Tim Tam cookies, and Danish butter-cookie producer Kelsen Group, according to the people. The parties have been discussing a price of around $2.5 billion for the assets, the people said, asking not to be identified because the information is private.