In separate filings today, Dan Loeb, fresh off his successful fight for Yahoo(YHOO) board seats, revealed that he had increased his Sara Lee(SLE) stake, and John Paulson announced a new stake in the disappearing conglomerate. Sara Lee will be paying a special dividend of $3 per share and spinning off its coffee and tea business by June 30.
Disclosure: The author owns shares of SLE and YHOO
- Loeb Adds Apple Inc (AAPL), Yahoo! Inc (YHOO), Google Inc (GOOG) (valuewalk.com)
- The Name Game Continues: Sara Lee Digs Into Its Past (stockspinoffs.com)