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UPDATE 1-Kellogg raises stakes in bidding war over Egypt's Bisco Misr

2014-11-30 17:58:54| Food - Topix.net

Kellogg Co raised its bid on Sunday for Egyptian cake and biscuit maker Bisco Misr , intensifying a bidding war with the UAE's Abraaj Investment Management that has pushed up the offer price by more than 12 percent. The world's biggest breakfast cereal maker upped its bid to 82.2 Egyptian pounds per share on Sunday, trumping Abraaj's previous offer of 80.58 pounds .

Tags: war update bidding raises

 

Kellogg raises stakes in bidding war over Egypt's Bisco Misr

2014-11-30 15:12:41| Agriculture - Topix.net

Kellogg Co raised its bid on Sunday for Egyptian cake and biscuit maker Bisco Misr, intensifying a bidding war with the UAE's Abraaj Investment Management that has pushed up the offer price by more than 12 percent. The world's biggest breakfast cereal maker upped its bid to 82.2 Egyptian pounds per share on Sunday, trumping Abraaj's previous offer of 80.58 pounds .

Tags: war bidding raises stakes

 
 

UPDATE 1-Kellogg tops Abraaj offer for Egypt's Bisco Misr

2014-11-26 13:53:30| Agriculture - Topix.net

Kellogg Co, the world's biggest breakfast cereal maker, has offered 908.5 million Egyptian pounds for Egyptian cake and biscuit maker Bisco Misr, setting up a likely bidding war with a UAE investment company. UAE-based Abraaj Investment Management offered 850 million pounds this month for the Egyptian firm, which earlier refused a takeover bid from Juhayna Foods, Egypt's largest juice maker.

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UAEs Abraaj increases bid to acquire Egypts Bisco Misr

2014-11-25 01:00:00| Food Processing Technology

UAE-based Abraaj investment management has increased its offer to $127.9m for the acquisition of 100% shares of Egyptian confectionary producer Bisco Misr.

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Abraaj outbids Kellogg with fresh Bisco Misr takeover offer

2014-11-24 11:00:53| Food - Topix.net

SWOT Analysis company profile is the essential source for top-level company data and information. Kellogg Company - SWOT Analysis examines the company's key business structure and...... Kellogg reduced its reliance on breakfast cereals with the Pringles acquisition in 2012, giving it a strengthened presence in sweet and savoury snacks and frozen food products.

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