Mondelez in talks to buy Cadbury biscuits license from Burton's - Sky News

REUTERS - Oreo cookie maker Mondelez International Inc is in talks to buy the license to make Cadbury biscuits from UK-based biscuit maker Burton's Biscuits Co, Sky News reported.

U.S.-based Mondelez has offered to pay about 200 million pounds ($263 million) for the license, the news website reported on Wednesday, citing people familiar with the matter.

The talks are at an early stage and may not result in a deal, the people said.

Burton's, owned by Canada's Ontario Teachers' Pension Plan, makes biscuits such as Cadbury Fingers under license from Cadbury UK.

The report comes weeks after Mondelez made a bid for Hershey Co, which makes Kisses chocolates, for $23 billion. Hershey rejected the offer.

Mondelez already owns chocolate maker Cadbury Ltd, which it bought for about $19 billion in 2010.

Mondelez was not immediately available for comment.

A Burton's spokeswoman said the company did not comment on speculation.

($1 = 0.76 pounds)

(Reporting by Gayathree Ganesan and Subrat Patnaik in Bengaluru; Editing by Kirti Pandey)