United Biscuits agrees to €2.4bn takeover

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

United Biscuits agrees to €2.4bn takeover
Wed, 25 Oct, 2006 - 14:31

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

The British company, which was founded in 1948 and employs 7,500 people in the UK, is set to be bought by European firm PAI and United States-based Blackstone Group.

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CourtsBusinessHeathrowPlace: UKPlace: United StatesPlace: AintreePlace: LeicesterPlace: RotherhamPlace: Ashby de la ZouchPlace: CarlislePlace: ManchesterPlace: USPlace: SpainPlace: PortugalPlace: ScunthorpePlace: TeessidePerson: JacobPerson: Malcolm RitchiePerson: Brian RevellOrganisation: United BiscuitsOrganisation: McVitieOrganisation: PAIOrganisation: Blackstone GroupOrganisation: UBOrganisation: BlackstoneOrganisation: CinvenOrganisation: MidOcean PartnersOrganisation: JacobOrganisation: PenguinOrganisation: Hula HoopsOrganisation: MiniOrganisation: McCoy’sOrganisation: Phileas FoggOrganisation: KP NutsOrganisation: KraftOrganisation: European CommissionOrganisation: UK Pensions RegulatorOrganisation: Transport and General Workers’ UnionOrganisation: T&G)Organisation: McVitie & PriceOrganisation: MacFarlane LangOrganisation: Crawford’s BiscuitsOrganisation: MacDonald’s BiscuitsOrganisation: Jacob’s Biscuit GroupOrganisation: DanoneOrganisation: Wheat CrunchiesOrganisation: Golden WonderOrganisation: TaytoOrganisation: Nik NaksOrganisation: Ashby de la Zouch
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