Sara Lee In Talks to Sell to Brazil's JBS

After rebuffing advances from private equity firms, Sara Lee Corp. is in talks to sell itself to Brazilian meat producer JBS, Reuters reported. Sara Lee and JBS are currently at odds over the price of a potential sale, Reuters reported. Sara Lee has a market capitalization of roughly $11 billion, based on its closing price Friday. Private equity firm Apollo Global Management approached Sara Lee during the summer about a deal, Reuters said, adding that Sara Lee had reportedly turned away an earlier, unsolicited offer from KKR.

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