Sara Lee Corp on Monday said it is considering a 115 million euro offer from Franco-Canadian private equity firm Sagard for EuroDough, Sara Lee's French refrigerated dough unit.Sara Lee expects to close the deal, valued at about $159 million, within 90 days, subject to regulatory clearance and consultations with French work councils.Sara Lee is selling the unit, called EuroDough, as part of a broader effort to divest its international bakery units. They include its fresh bakery business in Spain and Portugal, acquired by Mexico's Grupo Bimbo last month.
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 remained unchanged at $18.52. In the past year, the shares have traded as low as $14.00 and as high as $20.26. On average, 5906960 shares of SLE exchange hands on a given day and today's volume is recorded at 0.
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