Bisco Misr

Cereal, cookies and snacks producer Kellogg has announced that it is to acquire a majority stake in the Egyptian biscuit producer Bisco Misr, subject to the completion of a public mandatory tender offer process. Kellogg said it expected to acquire a 85.93% stake in Bisco Misr based upon the number of shares tendered to the company through the Egyptian Stock Exchange as of the close of Kellogg’s Mandatory Tender Offer …