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Source: Sara Lee to split coffee, meat units

from Reuters

Sara Lee Corporation plans to split up rather than sell itself, a source familiar with the situation said recently after the company failed to win lucrative enough bids from potential buyers. Going down a tax-free, split-off route raises the prospects. There may be takeover bids for the units — meat and beverages — post split. The U.S.-based food and beverage company has for months been examining options, including a spin-out or outright sale. more

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