Bloomberg News

Grupo Bimbo Wins U.S. Approval for Sara Lee Bakery Deal

October 21, 2011

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Oct. 21 (Bloomberg) -- Grupo Bimbo SAB won U.S. regulatory approval to buy Sara Lee Corp.’s North American Fresh Bakery business, reducing the acquisition price to $709 million from $959 million.

Grupo Bimbo agreed to sell some sliced bread brands and related assets to meet U.S. Justice Department requirements, Sara Lee said in a statement.

Monica Breton, a spokeswoman for Bimbo, didn’t immediately return a voice message seeking comment.

--With assistance from Carlos Manuel Rodriguez in Mexico City. Editors: Vivek Shankar, Greg Chang

To contact the reporter on this story: Vivek Shankar in San Francisco at vshankar3@bloomberg.net

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net


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