Kohlberg Kravis Roberts & Co. is potentially interested in Sara Lee and could possibly partner with an interested party as bidders emerge for the food group, two sources familiar with the situation said on Wednesday. Get the full story »
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Sara Lee bakery business eyed by Grupo Bimbo
Grupo Bimbo is the lead bidder to buy Sara Lee Corp.’s North American bread business for about $1 billion, though a deal could be several weeks away, Bloomberg News reported on Tuesday.
Sara Lee, which declined to comment, had said last month it planned to spend more on its North American bakery business and raise some prices as it looks to improve performance in that lagging business.
That announcement to invest in the business had come after some suitors walked away from the bakery auction, sources familiar with the situation previously told Reuters. Get the full story »
