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 Attracts Buyout Interest from Apollo-Led Group, JBS
Bidders may be lining up for Sara Lee as private equity firm Apollo assembles an investor group to explore a possible offer and Brazilian meat-processor JBS considers coming back with a better deal.
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."
Bake Sale: Sara Lee Close to Selling Unit to Grupo Bimbo
Sara Lee reportedly is close to cutting a deal to sell its North American bakery business to Grupo Bimbo for a sticker price of $900 million to $1 billion.
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 CEO Brenda Barnes will step down permanently from her position as chairman and CEO officer to focus on improving her health. Barnes had been on temporary medical leave since May 14 after suffering a stroke.
