Inside these posts: Buyouts

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JBS makes verbal Sara Lee offer, sources say

Brazilian beef processor JBS has made a verbal buyout offer for Sara Lee Corp. and is expected to submit a written proposal in the coming day, two sources familiar with the situation said.

JBS made its verbal overture on Monday evening, the sources said. The terms of the offer were not immediately available. Get the full story »

Sara Lee credit default swaps up on possible bid

From Bloomberg News | Credit-default swaps on Sara Lee Corp. climbed to a record following a report that buyout firm Apollo Global Management LLC teamed up with investor C. Dean Metropoulos to consider a bid for the company.

GM seeks to buy out thousands in skilled trades

General Motors Co. said Monday that it was looking to reduce its payroll by several thousand skilled trade workers at 14 U.S. plants in the first quarter of 2011.

GM has offered $60,000 to skilled trades workers who retire or leave the automaker’s payroll by March, said spokesman Chris Lee. The automaker has a “a couple thousand” more skilled trade workers than it needs in the U.S., Lee said. Get the full story »