US food group Sara Lee Corp. is reportedly considering the sale of its North American bakery division.
According to reports in the US, Sara Lee has hired banking advisers to set out the options for the business, which could be worth US$1.5bn.
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A report from Bloomberg said today (21 June) that a formal sale process had not yet started, citing sources familiar with the situation.
However, advisers to Sara Lee have been trying to gauge interest from private-equity buyers as interest from trade buyers may be limited, Bloomberg said.
