Brenda Barnes News
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Sara Lee Corp. , the foodmaker that plans to split itself up next year, posted a 64 percent drop in second-quarter profit, missing analysts’ projections as costs for raw ingredients rose.
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Sara Lee Corp.’s managers, who failed to boost the stock price buying and selling $12 billion in assets in the past decade, destroyed shareholder value by passing up three chances to sell the company in the last year.
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Sara Lee Corp ., the maker of Ball Park hot dogs and Douwe Egberts coffee, decided to split itself in two after failing to agree to takeover offers from suitors.
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Sara Lee Corp ., the maker of Ball Park hot dogs and Douwe Egberts coffee, decided to split itself in two after failing to agree to takeover offers from suitors.
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JBS SA gave up efforts today to raise financing for a Sara Lee Corp . takeover bid, making a spinoff of Sara Lee’s coffee business more likely, according to a person with knowledge of the matter.
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Sara Lee Corp. received a takeover bid from Apollo Global Management LLC , Bain Capital LLC and TPG Capital that is higher than the food company’s Jan. 21 closing share price of $18.70, said three people with knowledge of the matter.
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Sara Lee Corp. , the maker of Ball Park hot dogs and Senseo coffee, said Brenda Barnes is resigning as chairman and chief executive officer, focusing on her health after taking leave in May to recover from a stroke.
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Sara Lee Corp. ’s board plans to make a decision about whether to sell or break up the company by the end of the month and hasn’t received a new takeover offer from Brazil’s JBS SA , according to a person familiar with the matter.
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Sara Lee Corp. ’s talks to sell itself to Brazilian meat processor JBS SA have hit a snag over price, according to two people with direct knowledge of the situation.
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Sara Lee Corp. said Chief Executive Officer Brenda Barnes is taking a temporary medical leave of absence, prompting the food maker to create a special group to oversee the company’s strategy.
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