Sara Lee Surges on Speculation a JBS Deal is Near
January 25, 2011 at 15:00 PM EST
Sara Lee Corp. (SLE) shares spike to session highs on heavy volume. Strength attributed to a Bloomberg report that says Brazilian beef processor JBS told Sara Lee Corp. that it plans to make a takeover offer of around $21 a share. According to Bberg, JBS is working with Blackstone Group LP (BX) on a bid. [...]
