Kirkland & Ellis Reps Sara Lee In $545M Dough Deal

Law360, New York (August 9, 2011, 12:30 PM EDT) -- Sara Lee Corp. said Tuesday that it would sell its North American refrigerated dough business to Ralcorp Holdings Inc. for $545 million in its latest move toward splitting into two publicly traded companies.

Sara Lee has been shedding units for years, and in January it announced it would divide its remaining operations into a North American retail meats business and an international coffee and tea company. In May, Sara Lee began shopping its refrigerated dough business, which makes basic and specialty biscuits, crescent rolls, pizza and...
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