Pabst Brewing

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Sara Lee to weigh buyout offers this week

Sara Lee Corp. will decide its future this week as it weighs offers from Brazilian beef processor JBS SA and a group led by private-equity firm Apollo Global Management LLC and investor C. Dean Metropoulos, people familiar with the matter said.

The private-equity group has submitted an offer for Sara Lee of between $18 and $19 a share and JBS, with the help of the Blackstone Group, has indicated it will bid soon, the people 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 »

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 »