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Sara Lee Corp. Message Board

  • billymdson billymdson Jun 24, 2005 2:29 PM Flag

    Not getting full value for assets

    PARIS (Dow Jones)--Sara Lee Corp. (SLE) expects to sell its French unit Dim
    SA in the next few months and two candidates - investment funds PAI Partners
    and Oaktree (OCM.XX) - are still in the running, Le Figaro reports, citing
    sources at the company in the U.S.

    Sarah Lee had initially planned to sell the unit by June 30, but hasn't
    reached a deal with a buyer, the paper says. The company was hoping to fetch
    EUR700 million-EUR1 billion for Dim, but interested buyers were only ready to
    pay around EUR350 million, the report adds.

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