Sara Lee (SLE) in Talks to Sell EuroDough Business for EUR 115M

Sara Lee Corp. (NYSE: SLE) today announced it is considering on an exclusive basis a binding offer from Sagard for the sale of EuroDough (Sara Lee's European chilled dough business) for a purchase price of €115 million (approximately $159 million at current exchange rates). The transaction is expected to be completed within 90 days and remains subject to consultations with works councils and regulatory clearance.

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