Brazilian beef processor JBS (JBSS3.SA) made a verbal buyout offer for Sara Lee Corp (SLE.N) on Monday and is expected to submit a written proposal later on Tuesday, sources familiar with the situation said. Sara Lee already received a takeover bid from a group of private equity firms, which values the coffee and meat company at up to $20 a share or nearly $13 billion, sources previously told Reuters. Sara Lee's board is scheduled to meet on Wednesday and Thursday, one source said. The company will compare the takeover bids to a plan to split the company into separate meat and coffee units, said that source, who declined to be identified by name because the situation was not public. (Reporting by Jessica Hall and Megan Davies, editing by Maureen Bavdek)
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