An about-face from Sara Lee (SLE +1.9%): Instead of spinning off its North American meats...

|By:, SA News Editor

An about-face from Sara Lee (SLE +1.9%): Instead of spinning off its North American meats business, it will separate its international coffee and tea business because of "greater efficiencies." It also notes the Justice Dept. has issues with the sale of its bakery business to Grupo Bimbo (GRBMF.PK) but still expects the deal to close in early fiscal 2012 after remedies.