Divestitures Force Price Cut On Bimbo, Sara Lee Deal

Law360, New York (October 21, 2011, 7:05 PM EDT) -- U.S. antitrust regulators on Friday ordered Grupo Bimbo SAB de CV and Sara Lee Corp. to shed several sliced bread brands before the Mexican food giant acquires Sara Lee's North American bakery operations, leading the companies to cut $250 million from the purchase price.

The U.S. Department of Justice's proposed settlement — filed along with a complaint in the District of Columbia — requires the companies to divest certain brands and the associated manufacturing and distribution operations throughout California and in the areas around Kansas City,...
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