United Biscuits mandates Centerview for dual-track process; Kellogg considering GBP 2bn bid
United Biscuits Limited, the UK-based snack foods manufacturer, is in the middle of a dual-track process, according to a Sky News report.
According to the article, the firm has hired Centerview Partners to guide it through the process.
The company is being looked at by the Kellogg Company, who appointed Barclays to assess the GBP 2bn offer.
The "likeliest option" however, according to the report, would be a public listing. Blackstone and PAI Partners have hired Goldman Sachs and JPMorgan and are examining the possibility of an IPO.
Source Sky News