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Meat division of Sara Lee likely to attract acquisition bids
date:Jun 27, 2012
The new company, which is to be named Hillshire Brands, is expected to attract takeover bids from several food companies such as Hormel Foods, Tyson Foods, Brasil Foods, JBS, and Smithfield Foods, according to analysts.
Top contenders for the acquisition include Tyson and Hormel, due to their strategic plans as well as lower debt burden.
In January 2011, Sara Lee announced its plans to divide the company into two publicly traded companies, one focused on the international coffee and tea business

12/22 04:05