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Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr

2014-12-24 18:51:40| Agriculture - Topix.net

Kellogg Co, the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle. Kellogg's latest bid, for 89.86 Egyptian pounds per share, followed an offer earlier in the day by Abraaj Asset Management for 88.09 pounds, the head of Egypt's financial regulator Sherif Samy told Reuters.

Tags: battle bids kellogg bisco

 

Kellogg and Abraaj table fresh bids for Bisco Misr

2014-12-18 13:33:39| Agriculture - Topix.net

Kellogg and Abraaj Investment Management have tabled new offers for Egyptian snack firm Bisco Misr, with the US group again outbidding the private-equity firm. The cereal giant has reportedly improved its offer for Bisco Misr to EGP86.36 a share, up from its previous EGP82.2-a-share bid.

Tags: table fresh bids kellogg

 
 

UPDATE 1-Egypt extends period of Abraaj bid for Bisco Misr to match Kellogg's

2014-12-10 13:00:43| Food - Topix.net

Egypt's financial regulator on Thursday extended the offer period for UAE's Abraaj Investment Management for Egyptian cake and biscuit maker Bisco Misr to December 24 to match the period of rival bidder Kellogg Co. Kellogg, the world's biggest breakfast cereal maker, has twice topped Abraaj's bids.

Tags: period update match bid

 

UPDATE 1-Egypt extends period of Abraaj bid for Bisco Misr to match Kellogg's

2014-12-10 12:04:26| Agriculture - Topix.net

Egypt's financial regulator on Thursday extended the offer period for UAE's Abraaj Investment Management for Egyptian cake and biscuit maker Bisco Misr to December 24 to match the period of rival bidder Kellogg Co. Kellogg, the world's biggest breakfast cereal maker, has twice topped Abraaj's bids.

Tags: period update match bid

 

Kellogg's increases Bisco Misr bid to $11.50 per share

2014-12-01 01:00:00| Food Processing Technology

Breakfast cereal maker Kellogg's has increased its bid for Egyptian cake and biscuit maker Bisco Misr to EGP82.2 ($11.50) per share, in an increasingly intensifying bidding war with Dubai-based competitor Abraaj.

Tags: share bid increases kelloggs

 

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