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Grupo Bimbo Gets Approval To Give Up Brand Rights Before Sara Lee Buy

MEXICO CITY -(Dow Jones)- Mexican baked goods firm Grupo Bimbo SAB (BIMBO.MX) said Thursday it has received approval from the U.S. Department of Justice to give up the rights to several brands before its purchase of Sara Lee's Corp.'s (SLE) fresh bakery business. Bimbo did not disclose financial details for the deals, and said in a filing with the Mexican Stock Exchange that it has several more required divestitures pending approval. Bimbo plans to turn the licensing rights for the Earthgrains and Healthy Choice brands in Omaha, Neb., to Pan-O-Gold Baking Company, of St. Cloud, Minn. The Mexican firm also said it would give the licensing rights in Harrisburg and Scranton, Pa., for the Holsum and Milano brands to Schmidt Baking Company of Baltimore, Md. -By Amy Guthrie, Dow Jones Newswires; (5255) 5980-5177, amy.guthrie@dowjones.com

Stock News for Sara Lee (SLE)
DateTimeHeadline
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06/05/201213:20:24Sara Lee Renames Itself Hillshire Brands
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05/15/201219:09:10Soros Reports No Stake In Google; Adds JP Morgan, Goldman
05/03/201218:31:47Grupo Bimbo Gets Approval To Give Up Brand Rights Before Sara...
04/19/201210:38:08Nespresso Patents Approved By European Authorities -Nestle CEO
03/14/201209:27:35Sara Lee Names Van Pelt, Minvielle Operating Chiefs For Coffee...
03/14/201208:58:55Sara Lee Appoints Executives For Coffee and Tea Business
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02/22/201219:15:11Mexico's Bimbo 4Q Net Profit Down 26% On Operations, Taxes
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01/26/201205:13:56Philips Sells Half Of Senseo Trade Mark To Sara Lee
01/06/201209:58:32Sara Lee Names Campbell's Connolly As Meats Business CEO
11/15/201111:20:53Applications Given Early Antitrust Clearance
08/11/201109:41:28CORRECT: Sara Lee 4Q Earnings Slide 41% On Commodity Cost Pressure

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