Report: United Biscuits looks attractive to Kellogg

|About: Kellogg Company (K)|By:, SA News Editor

Kellogg (K +2.5%) is considering an offer for United Biscuits in the £2B range ($3.37B), according to reports from the U.K.

Sources indicate the company is working with Barclays on how to structure an offer.

The acquisition could give Kellogg new growth channels.

United Biscuits is held by P-E firms Blackstone Group and PAI Partners.