Sara Lee Corporation (NYSE:SLE) moved ahead with its policy of streamlining its portfolios as it announced the completion of its sale of North American Bakery Business to Grupo Bimbo SAB, considered as the world’s largest bread maker.
Sara Lee is transferring its business to Bimbo for $709 million. The transaction, which includes the right to the Sara Lee brand for bakery goods in the U.S. and regional brands such as Heiner’s and Rainbo for Grupo Bimbo, was announced last year.
The deal was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards