Sara Lee (SLE) announced today that it is selling its 49.9% stake in the Qualtia Alimentos business in Mexico to its joint venture partner, Xignux. Terms of the agreement were not disclosed. The completion of the transaction is subject to customary conditions and is expected to occur within a month.OK so most investors get selling a business that maybe does not fit anymore. But the press release goes on to say that the business being sold is grossing $300 million. Thats approximately 10% of last quarters total gross. So when you sell something like that and do not provide any fina[...]
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[Source: The Money Blogs]
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