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A group of companies led by Brazilian beef processor JBS has arranged a financing package to bid for all or parts of Sara Lee Corp. , a source with direct knowledge of the situation told Reuters Thursday.
The group won commitments from international banks for loans and could tap equity markets to complete the funding package, said the source, who declined to be cited by name. Get the full story »
Lifeway Foods Inc. reported Monday that its net income fell in the third quarter as the food maker’s costs rose. Get the full story »
Foodmaker ConAgra Foods Inc. says tight competition, inflation and a sluggish retail environment pushed first quarter net income down 12 percent. Get the full story »
