Sara Lee meat business could cost JBS $4 billion: report
"We think if this were to happen, JBS could bid for Sara Lee's meat division, as such an acquisition would be more feasible in size ... and they would presumably not need to sell the coffee business afterward," wrote Merrill Lynch analysts Fernando Ferreira and Isabella Simonato in the report.
It was recently reported that a group of buyout firms led by Apollo Global Management could bid for Sara Lee soon, with a price around $18.75 to $19 a share. Spokespeople for JBS and Apollo declined to comment when sought out by Reuters. Sara Lee shares were up 10 cents to $18.28 in afternoon New York Stock Exchange dealings.