The company rejected a takeover offer from JBS SA, and the Journal reports that the company may have difficulties securing financing to improve its offer. No other potential buyers have come forth.
Sara Lee has been selling off its other assets while focusing on its meat and coffee businesses, most recently selling its shoe care line to SC Johnson last week for $328 million. Neither Sara Lee nor JBS commented on the Journal article.
Mislabled tamales recalled
The products subject to recall include packages of beef, turkey and chicken tamales under the Garibaldi, Golden West and Caspar brands. Individual packages bear the establishment number “P-4994” or “EST. 4994” inside the USDA mark of inspection. The products were produced from April 2010 until January 2011 and shipped for retail sales in California, Oregon and Washington and institutional use in California.
The problem was discovered by FSIS during a label review at the establishment. FSIS and the company have received no reports of adverse reactions due to consumption of these products.
Illinois company recalls 200 pounds of ground beefE. coli
The ground beef patties were produced by Columbus Meat Market Inc. and shipped to food-handling establishments in the Chicagoland area. Each package label on the suspect patties bears the establishment number "EST. 755" and an identifying pack date of "12/27/10." The contamination was discovered through IDOA microbiological sampling, which confirmed a positive result for E. coli O157:H7.
IDOA and the company have received no reports of illnesses associated with consumption of these products.