) -- China's
is in talks about acquiring U.K. snack and cookie maker
, according to published media reports.
The exclusive talks were reported Sunday by
The Wall Street Journal
. Both newspapers cited anonymous sources.
reported that one source said the deal, if completed, would be worth more than 2 billion pounds (about $3 billion), while the
reported the deal would be worth between 2 billion and 2.5 billion pounds.
> > Bull or Bear? Vote in Our Poll
said that Shangai-based Bright Food pre-empted a planned auction for United Biscuits, which makes McVitie's biscuits and Jaffa Cakes and is owned by private-equity firms
of the U.S.
--Written by a staff member of
>To contact the staff member responsible for this article, click here:
>To submit a news tip, send an email to:
This article was written by a staff member of TheStreet.