Biscuit firm in €2.4bn takeover

McVitie’s and Jacob’s owner United Biscuits agreed today to a £1.6bn (€2.4bn) takeover by two private equity firms.

Biscuit firm in €2.4bn takeover
Wed, 25 Oct, 2006 - 11:59

McVitie’s and Jacob’s owner United Biscuits agreed today to a £1.6bn (€2.4bn) takeover by two private equity firms.

The company, which was founded in 1948 and employs 7,500 people in the UK, will be bought by The Blackstone Group and PAI.

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CourtsBusinessHeathrowPlace: UKPlace: USPlace: SpainPlace: PortugalPlace: AintreePlace: LeicesterPlace: RotherhamPlace: CarlislePlace: ManchesterPerson: JacobPerson: Malcolm RitchieOrganisation: BiscuitOrganisation: McVitieOrganisation: JacobOrganisation: United BiscuitsOrganisation: The Blackstone GroupOrganisation: PAIOrganisation: European CommissionOrganisation: UK Pension RegulatorOrganisation: UBOrganisation: BlackstoneOrganisation: CinvenOrganisation: MidOcean PartnersOrganisation: KraftOrganisation: McVitie & PriceOrganisation: MacFarlane LangOrganisation: Crawford’s BiscuitsOrganisation: MacDonald’s BiscuitsOrganisation: Jacob’s Biscuit GroupOrganisation: DanoneOrganisation: Nik NaksOrganisation: Wheat CrunchiesOrganisation: Golden Wonder
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