Sara Lee profit misses, Bimbo to buy bread unit (Reuters)

DOWNERS GROVE, Ill. — Sara Lee Corp.

By 2010-11-09T12:48:49Z DOWNERS GROVE, Ill. (AP) -- Sara Lee Corp. is selling its North American Fresh bakery unit to baking company Grupo Bimbo for $959 million as it looks to concentrate more on its coffee and meat businesses....

[AP] - Sara Lee Corp. is selling its North American Fresh bakery unit to baking company Grupo Bimbo for $959 million as it looks to concentrate more on its coffee and meat businesses.

Sara Lee is selling its North American fresh bakery business to Grupo Bimbo for $959 million.

Sara Lee has reached an agreement to sell its North American bakery business to Grupo Bimbo, the maker of Arnold Bread and Entenmann’s pastries

[AP] - Sara Lee Corp. is selling its North American Fresh bakery unit to baking company Grupo Bimbo for $959 million as it looks to concentrate more on its coffee and meat businesses.

MEXICO CITY (Reuters) - Grupo Bimbo , which is buying Sara Lee's North American bakery business, sold its handmade bread loaves for the first time in 1945, from a small shop in the Mexican capital.

Flowers Foods Inc. is set to buy Hostess bread brands including Wonder bread for US$360-million after no other bidder stepped up to make a competing offer, a source familiar with the matter said on Wednesday. The bankrupt bakery company was set to run an auction on Thursday for the brands, which also include Butternut, Home Pride, Merita and Nature’s Pride, but there will be no auction since there were no other bids, the source said.