Sara Lee Corp.’s managers passed up three chances to sell itself in the last year, Bloomberg reported Monday, citing people with knowledge of the negotiations. Get the full story »
Apollo Global Management
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Sara Lee shares up 2.5% on takeover talk
Shares of Sara Lee Corp. rose more than 2.5 percent Monday on reports that a group of private equity firms is interested in a buyout of the coffee and meat company. Get the full story »
Apollo, others consider Sara Lee buyout, sources say
Private-equity firm Apollo Global Management LLC and investor C. Dean Metropoulos have formed a group of investors to explore a purchase of Sara Lee Corp., people familiar with the matter said.
Apollo and Metropoulos, a Connecticut entrepreneur who acquired Pabst Brewing Co. last year, are leading a consortium that includes Bain Capital LLC and TPG Capital LP, the people said. Get the full story »