Tag Archives: Sara Lee

Spinoff Odds & Ends: EBay,Ceconomy,Brenda Barnes

A few links to close out a busy month: The WSJ notes that since the spinoff of PayPal (PYPL), EBay’s (EBAY) post-earnings stock price volatility has increased dramatically. Prior to last week’s announcement, the name had moved double digit percentages in four of the previous five announcements – that is some serious movement. As possible reasons, the article… Read More »

Hillshire Brands, Last Remnant Of Sara Lee, Subject Of Intense Bidding War

What is one thing that both real estate brokers and shareholders really love? A BIDDING WAR! That’s right, M&A is heating up and surprisingly it’s a packaged meat company that is at the heart of the recent excitement. The action all started a few weeks ago when Hillshire Brands (HSH) announced that it would acquire Pinnacle Foods(PF) at… Read More »

Seven Years After Spin Off From Sara Lee, HanesBrands Finally Begins Paying Dividend

In 2006, Sara Lee, now Hilshire Farm(HSH), loaded up HanesBrands(HBI) with lots of debt and spun it off. Seven years later, after weathering a financial crisis, steadily paying down debt and improving profitability, the company has announced it will pay a quarterly dividend of $.20, beginning in June.  The dividend will be paid on June 3, to shareholders… Read More »

Mario Gabelli Loves Spinoffs, Picks Several For 2013 Barron’s Roundtable

Twice a year, Barron’s gathers some of the top minds in the industry for a roundtable discussion on the worldwide investment environment and economic outlook. This year’s panel included the same regulars as usual, financial titans all,  PIMCO’s Bill Gross, uber-bull Abby Joseph Cohen, GAMCO Investor’s (GBL) Mario Gabelli and Felix Zulauf. In addition to pontificating on the… Read More »

Brewing The Books In Brazil: Accounting Irregularities At DE Master Blenders 1753, Impacts Hilshire Brands, As Well

That was quick. Weeks after its spinoff from Hilshire Brands(HSH), the former Sara Lee, DE Master Blenders 1753(DEMBF) announced today that it had found accounting irregularities, and would be restating results. These are definitely words no investor wants to hear, and they tend to get bigger the more they get looked at. Here is how the company describes… Read More »

Sara Lee Retires To Hillshire Farm, Gives Up Coffee

Twenty seven years after Consolidated Foods became Sara Lee, Sara Lee is retiring as a corporate name.  Months of preparation culminated in a flurry of activity today, in which Sara Lee shareholders received a goodie bag containing 1 share of D.E. Master Blenders 1753(DEMBF), an international coffee company trading in Amsterdam, a $3 special cash dividend, and 0.2… Read More »

Party Like It’s D.E. Master Blenders 1753! Sara Lee Spin Begins Trading Today In Amsterdam

Sara Lee (SLE) has been very busy recently putting the finishing touches on the upcoming spinoff of its international coffee and tea business, D.E. Master Blenders International 1753. While it was not a surprise decision, the company’s board of directors recently formally approved the spinoff clearing another hurdle to completion. The transaction is a bit more complicated than usual… Read More »

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.… Read More »

Sara Lee Spinoff Moves Along, Expected By June 30

Sara Lee(SLE) released earnings recently, and updated investors on the status of the upcoming $3 special dividend and spin off of its coffee and tea business as D.E. Master Blenders 1753. From the release: “I am pleased to announce that we are on track to spin-off the Coffee & Tea business by June 30. Significant progress has been… Read More »

The Name Game Continues: Sara Lee Digs Into Its Past

Tired of reading about new names? Out of luck because Sara Lee recently recently unveiledD.E. Master Blenders 1753 as the new name for its international tea and coffee business. What is that name? Well, Douwe Egberts (the D.E.) is a name long (like since 1753 long) associated with coffee and that was apparently exactly what they were going… Read More »

Sara Lee Takes Another Step Towards Spinning CoffeeCo

We are entering the final months of the Sara Lee(SLE) conglomerate.  The empire, which once included Coach(COH) handbags and Hanes(HBI) underwear, is aiming spin off its Coffee & Tea business(CoffeeCo) in April or May, though no final date has been set.  As the date finally approaches(this was first announced a year ago), the company is taking steps to… Read More »

Meet The New MeatCo CEO

Sara Lee(SLE) continues to prepare for the second quarter spin off of their coffee and tea business, leaving behind their North American meats division, a business they are still calling, improbably, MeatCo. While it doesn’t yet have a real name, it does now have a CEO, as the company announced Friday that Sean Connolly, President of Campbell North… Read More »

A Tasty Morsel – Sara Lee To Breakup?

Image via Wikipedia After rejecting JBS SA‘s offer of $17.50/share, Sara Lee (SLE) was rumored to be favoring a breakup strategy which would likely involve the spinoff of either its coffee or meats division.  It is believed that a spinoff would unlock the value of the unrelated businesses and facilitate the sale of each individual unit. While JBS,… Read More »