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Deals Rumor Mill: Baring Private Equity, Canon, BC Partners

By Benjamin Horney (April 21, 2015, 7:41 PM EDT) -- Baring Private Equity Asia is closing in on a deal to pick up 40 percent of U.K. cereal maker Weetabix Ltd., Bloomberg reported on Tuesday. According to the report, the deal is set to value Weetabix, which is the U.K.'s second-largest branded manufacturer of cereal and cereal bars, at about £1.28 billion ($1.91 billion). The deal will likely see Baring buying its stake from Bright Food Group Co. Ltd., China's state-owned food and beverage manufacturer, which currently owns a 60 percent chunk of Weetabix, the report added....

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