Sara Lee To Split Into Meats, Beverage Companies

Law360, New York (January 28, 2011, 2:50 PM EST) -- Sara Lee Corp. announced on Friday that it will divide into two publicly traded companies focusing on the North American retail meats business and international coffee and tea operations.

The North American company will be named Sara Lee and retain brands like Jimmy Dean, Ball Park and Hillshire Farm, while the as-yet-unnamed international company will keep coffee and tea brands like Douwe Egberts, Senseo, Pickwick, Cafe Pilao and Maison du Cafe.

The split, which will include a $3 per share special dividend for investors, is expected...
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