Confectionery giant Mondelez International, the maker of Oreo cookies and Cadbury chocolates, is reportedly in talks to acquire international brands sold by Campbell Soup Company.
Citing people familiar with the matter and who did not want to be named, a Bloomberg article indicates that Mondelez is negotiating the final terms of a potential deal to buy Arnott’s Biscuits, the Australian maker of Tim Tam cookies, and Danish butter-cookie producer Kelsen Group for a combined price tag of around $2.5 billion. Back in August, Campbell Soup had expressed plans to sell its international and fresh food businesses.
However, the anonymous people mentioned that the deal has not been finalized yet, and there are chances that it could fall apart and/or other buyers might step in. A KKR & Co.-led consortium and Ferrero SpA were earlier among other interested buyers, according to the people (as reported by Bloomberg).
No official statement has come out yet from any of the parties related to the matter.