Friday at 10:14 a.m.
Filed under:
Food,
Packaged foods
By Dow Jones Newswires
A shopper at a Cub Foods grocery store in Burnsville, Minn. (AP/Jayme Halbritter)
A sampling of grocery store meat in five U.S. cities has shown a type of drug-resistant bacteria is contained in about one quarter of beef, chicken, pork and turkey for sale, a study said Friday.
Staphylococcus aureus, a bacteria that can cause skin infections, pneumonia, sepsis or endocarditis in people with weak hearts, was found in 47 percent of samples, said the study in the journal Clinical Infectious Diseases. Get the full story »
By Emily Bryson York
Sara Lee desserts in a grocer's freezer. (AP)
Downers Grove-based food maker Sara Lee announced Friday that it will divide itself two publicly-traded companies. The plan, which has been approved by Sara Lee’s board, divides the company into North American and European divisions. One company will focus on North American grocery and supplying products to the restaurant industry, and the other on European coffee, tea and bread.
In a call with investors, Marcel Smits, the company’s newly-appointed CEO, acknowledged that Sara Lee had received “unsolicited interest” in buying the company. He said that after a rigorous review, the company’s board determined that splitting the company was in shareholders’ best interest, adding that the individual companies are likely to do better on their own.
Sara Lee will issue a $3 special dividend to shareholders as part of the split. Get the full story »
Jan. 27 at 12:32 p.m.
Filed under:
Food,
M&A,
Packaged foods
By Dow Jones Newswires-Wall Street Journal
Sara Lee Corp. is pushing ahead with plans to separate its two main businesses, after offers from interested buyers came in below the company’s price expectations, people familiar with the matter said.
The expected move is likely to squelch what had been a mounting auction for the Downers Grove-based company. But it could set up opportunity for deals in the future. Get the full story »
Dec. 8, 2010 at 12:43 p.m.
Filed under:
Food,
Packaged foods
From Bloomberg News | Sara Lee Corp. was headed for the highest close in almost three years and trading of bullish options jumped to five times the four-week average on speculation that the food company may be acquired.
The shares advanced a fourth day, touching a high of $16.05 around 9 a.m.. Almost 10,000 calls to buy the stock changed hands, six times the number of puts to sell. About half of the call volume was concentrated in December $16 calls, which rose 50 percent. Get the full story>>
