Grupo Bimbo SAB de CV produces and sells bakery products. The Company produces breads, cookies, pies, pastries, sweet rolls, tortillas, tostadas, and snacks. The Company also makes appetizers, sweets, chocolates, jams, and other confections. Grupo Bimbo markets its products throughout the... More
Tuesday, Jun 142011, 12:51 PMAn 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. |Tuesday, Jun 142011, 12:51 PM| Comment!