Premier Foods has confirmed that it intends to make an offer for United Biscuits (UB), the privately owned UK maker of popular brands such as McVitie’s, Jaffa Cakes and KP.
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Premier, which owns Branston and Quorn, acquired the UK and Irish businesses of Campbell Soup last month, bringing brands such as Homepride, Batchelors and Oxo into its portfolio.
Responding to a report in the Financial Times, Premier issued a statement affirming its rumoured interest. “While Premier currently intends to make such an offer in the near future, there can be no certainty that this will result in a transaction,” Premier said.
Premier is viewed as one of the top two contenders for UB alongside US investment bank Blackstone.
UB is expected to fetch approximately GBP1.7bn (US$3.22bn).
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