Stock Spinoffs

Nobody Doesn’t Like Sara Lee- Dan Loeb and John Paulson Buy Ahead Of Spin

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

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