Jan. 24 at 6:01 a.m.
Filed under:
Food,
M&A,
Packaged foods
By Dow Jones Newswires-Wall Street Journal
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 »
Jan. 10 at 8:45 a.m.
Filed under:
Food,
M&A,
Packaged foods
By Reuters
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 »
Jan. 9 at 10:44 p.m.
Filed under:
Food,
M&A,
Packaged foods
By Dow Jones Newswires-Wall Street Journal
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 »
June 25, 2010 at 10:53 a.m.
Filed under:
M&A
By Reuters
Pabst Blue Ribbon, the no-frills beer that was lately embraced by thrifty young urbanites, has been acquired by a Connecticut tycoon known for reinvigorating food brands.
Investor C. Dean Metropoulos closed a deal to buy Pabst Brewing Co Friday for an undisclosed sum from the California-based charitable organization that owned it, said Lou Giraudo, who was chairman of the board of Pabst prior to the sale.
Giraudo declined to discuss price other than to say that previously published figures of about $250 million were incorrect. Metropoulos was not immediately available for comment. Get the full story »
