Dubai based Investment Company Abraaj made a new offer to purchase Egyptian confectionary maker Bisco Misr, topping an existing offer from Michigan-based cereal maker, Kellogg. Abraaj offered LE80.85 per share to buy at least 51 percent of the company, the Egyptian Financial Supervisory Authority said in statement to the stock exchange. This is two percent higher than Kellogg's last bid of LE79 per share. http://english.ahram.org.eg/News/116513.aspx