United Biscuits' sale price drops

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The Independent Online
United Biscuits' sale price drops

United Biscuits has completed the sale of the frozen food part of Keebler, its US business, for a lower-than-expected figure. The American group, Windsor Foods, is paying pounds 45m for the company instead of the pounds 55m conditionally agreed. United Biscuits said the deal still represented fair value. It expects to complete the disposal of its cookie and cracker business later this month.

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