Banks Hired to Weigh Sale of Iceland Foods

UBS and Bank of America Merrill Lynch have been brought on to evaluate a possible sale of Landsbanki's majority stake in British frozen-food retailer Iceland Foods, Reuters reported. The Icelandic bank began seeking advisers for the 1 billion pound ($1.59 billion) -plus sale in January. It owns 67 percent, Reuters said.

DealsNorth AmericaUSBriefs