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Reuters alone on Campbell nixing Sara Lee auction

Reuters alone on Campbell nixing Sara Lee auction

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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