Arnott's Tim-Tam biscuits are pictured on a supermarket shelf in Sydney, Australia, July 24, 2019. - Reuters
SYDNEY: KKR & Co said it is buying Campbell Soup Co’s Australian snacks unit Arnott’s that will give it ownership of top-selling biscuit brands such as Tim Tam, in a deal local media reported was worth US$2.2bil (RM9bil).
“I can confirm that KKR’s offer for Arnott’s was accepted by Campbell’s late last night,” an Australia-based spokeswoman for the New York-headquartered buyout firm said in an email, without specifying the price or commenting further.
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