Hostess Bid Doesn't Affect Bimbo's Sara Lee Sale, DOJ Argues

Law360, New York (February 11, 2013, 7:06 PM EST) -- The U.S. Department of Justice urged a Washington federal judge Friday to keep Grupo Bimbo SAB de CV from further delaying its court-ordered divestiture of parts of its Sara Lee bread business to Flowers Foods Inc. despite Flowers' recent bid for part of Hostess Brands Inc.

The antitrust watchdog argued that Flowers’ recent move to acquire the bread division of bankrupt Hostess was no reason for Bimbo to put off the sale of certain Sara Lee bread divisions in California. Bimbo has asked to postpone the...
To view the full article, register now.