JBS, the world’s top beef processor, could team up with a group of buyout firms as it seeks alternatives to win control of Sara Lee Corp., a source with knowledge of the plans told Reuters Tuesday.
Private equity firms have pursued Sao Paulo-based JBS since reports about a potential bid for Sara Lee arose late last year, the source said. No accord over a joint bid has been reached, said the source, who declined to be quoted by name because the talks remain private. Get the full story »
