USA - Sara Lee back on the selling block
09 Jul 2012
Hillshire Brands, set to become a pure-play meat company later this week, could attract takeover interest from Hormel Foods Corp, Tyson Foods Inc and Smithfield Foods Inc as well as Brazil's JBS and BRF Brasil Foods, an analyst said on Monday.
Sara Lee Corp, the maker of Jimmy Dean sausages, Ball Park hot dogs and Hillshire Farms lunch meat, is expected to spin off its European coffee and tea business on Thursday. It will then change its name to Hillshire Brands.
A takeover of Hillshire Brands is "fairly likely," Bernstein Research analyst Alexia Howard said, adding that there was a range of potential suitors...
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Source: Argentine Beef Packers S.A.
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