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Bisco Misr bidding war heats up

Nov. 26, 2014 9:44 AM ETKellanova (K) StockKBy: Yoel Minkoff, SA News Editor1 Comment
  • Abraaj has raised its bid for Bisco Misr to 80.58 EGP per share, announcing a $130M offer for the Egyptian cake and biscuit maker.
  • The UAE investment company's initial bid of 73 EGP per share earlier this month was topped this morning by Kellogg's (K -0.5%) offer of 79 EGP/share.
  • Previously: Kellogg makes offer for Egypt's Bisco Misr

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