Monday, October 4, 2010

Sara Lee Rallies On Takeover Chatter

Shares of Sara Lee Corp (NYSE: SLE) jumped as much as 9% on Monday after The New York Post reported that the foodmaker spurned an unsolicited proposal from Henry Kravis and his KKR buyout giant that could have resulted in a $12 billion leveraged deal. The company is also  looking to sell its bakery business for an estimated $1 billion.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire