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Reuters alone on Campbell nixing Sara Lee auction07.21.2010
Reuters exclusively reported on July 21 that Campbell Soup was not interested in bidding for Sara Lee’s food unit, reducing hopes for a competitive auction for the unit that could fetch $1 billion. Shares of Sara Lee, which had been up more than 2 percent before the Reuters story, lost 1.7 percent of their gains. The Chicago Tribune and Crain’s had previously cited Campbell as a bidder. |
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