Sara Lee Corp (SLE.N) has received overtures from parties interested in its coffee business, its CEO said on Thursday. "We've had some incoming calls," Chief Executive Officer Marcel Smits said during a presentation at a Barclays conference in Boston. He said the business, which includes Senseo coffee and Pickwick teas, was "a logical partner for other people to team up with." Smits' presentation was broadcast over the Internet. Sara Lee said in January that it would separate its coffee and tea unit from its North American meats business, which sells Jimmy Dean sausages and Hillshire Farm lunchmeat, after takeover offers were not enough to entice it to sell the whole company.
Sara Lee Corporation (Sara Lee) is a global manufacturer and marketer of brand-name products for consumers globally focused primarily on the meats, bakery, beverage and household products categories. Shares of SLE traded higher by 0.31% or $0.055/share to $17.80. In the past year, the shares have traded as low as $13.22 and as high as $20.26. On average, 5522050 shares of SLE exchange hands on a given day and today's volume is recorded at 2600160.
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