Sara Lee Corp (SLE.N) is moving ahead on plans to split its meat and coffee businesses into two companies after rejecting a takeover bid last month from Brazil's JBS SA (JBSS3.SA), The Wall Street Journal said on Thursday, citing people familiar with the matter. No other buyers have surfaced and JBS has not ruled out making another bid, but the Brazilian beef processor might have trouble securing sufficient financing, the newspaper said, citing the people. Sara Lee declined to comment.
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