sara lee

10 American Companies That Will Disappear in 2011

24/7 Wall St. recently looked at a number of large American companies, some of which are owned by foreign companies, to see which will disappear in 2011. It didn't take long to come up with a list of familiar names such as Sara Lee, Office Depot, Borders, E*Trade and five others.

Sara Lee Considering Sale to Brazil's JBS

Sara Lee (SLE) has been in discussions to sell itself to Brazilian meat company JBS. Talks have been taking place intermittently for several months, Reuters reported without naming its sources. The companies have disagreed over the price of food beverage company Sara Lee and it is not clear that they can reach a deal.

Unilever Gets Approval to Buy Sara Lee Unit

Unilever (UL) won approval from the European Union to buy Sara Lee Corp%u2019s (SLE) shower gel and European detergents business. Unilever agreed to sell off the Sanex deodorant and body-wash brands in the region as part of the deal, Bloomberg News reported. The sale allays competition worries about the 1.3 billion euro ($1.76 billion) deal, the European Commission said.

Sara Lee's Bakery Unit Goes to Grupo Bimbo for $959 Million

Sara Lee's sale of its North American Bakery business to Mexico's Grupo Bimbo is now fully baked. The company officially announced the deal today, saying it will allow Sara Lee to "aggressively invest in our core protein and coffee businesses."

Sara Lee Shares Soar on Reports it Spurned KKR Offer

Food giant Sara Lee saw its shares surge over 18% in premarket trading Monday after the New York Post reported the company turned down a $12 billion buyout offer from private-equity company KKR & Co.), citing unnamed sources.

Sara Lee CEO Steps Down Amid Health Woes

Sara Lee (SLE) CEO Brenda Barnes will step down permanently from her position as chairman and chief executive officer so she can continue to focus on improving her health, the company announced Monday. Barnes had been on temporary medical leave since May 14 after suffering a stroke.