Egypt's Bisco Misr said on Tuesday shareholders controlling nearly 60 percent of the company had agreed to sell to the world's largest breakfast cereal maker, Kellogg, sealing its victory in an $87 million takeover battle. Shareholders controlling 59.91 percent of the company's shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement. Emerging markets private equity firm Abraaj said last week it would withdraw from a bidding war with Kellogg that had driven up the offer price by more than 20 percent. http://english.ahram.org.eg/News/119614.aspx
