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 co…
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.
Continue reading Bake Sale: Sara Lee Close to Selling …
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.
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