Sara Lee's management no doubt hoped the announcement of plans to split the US food group in two would give the market some clarity over its future but, writes Dean Best, Wall Street analysts believe...
Marcel Smits, the chief executive of Sara Lee, today (28 January) defended the US food group's plans to split the business in two amid questions over whether the move will benefit shareholders.
Sara Lee, the US food group, has this afternoon (28 January) confirmed plans to split itself in two.
Speculation around the future of food manufacturer has reached fever pitch as the board allegedly meets to decide its future this week.
Mexico's Grupo Bimbo has snapped up Sara Lee's fresh bakery operations in North America for a cool US$959m. Dean Best discusses the repercussions of the deal on both businesses and for the wider US bakery industry.
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