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Friday Vibram Five Fingers Classic
JBS started as a butcher shop in the Brazilian state of Goias in the 1950s, which Vibram FiveFingers KSO Grey-Camo Shoes founding Batista family later expanded into one of the first slaughterhouses in the Brasilia region. In the 1990s, the family went on an acquisition binge, acquiring 12 meat-processing companies as Brazil's economy expanded.
Sara Lee, founded in 1939, has wrestled for years with weak stock performance Vibram Five Fingers Bikila its strategic direction, at different points owning a lingerie business, Coach leather goods, Hanes underwear and Kiwi shoe polish. In the past decade, it's trimmed down these businesses and is focused almost entirely on coffee and meat processing. It now carries a market capitalization of $11 billion. Sara Lee jumped 5.3% late Friday Vibram Five Fingers Classic ...
... $17.26 per share, after The Wall Street Journal reported the discussions.
No final decision has been made on a JBS-Sara Lee tie-up, these people cautioned, and Sara Lee may decide against a sale. JBS has a market capitalization nearly equal to Sara Lee, which could make it challenging to finance a full takeover offer.
Sara Vibram FiveFingers Sprint Pure Red Shoes chief executive Brenda Barnes, appointed in 2005, appeared to be stabilizing the company in recent years. Yet when she suffered a stroke and stepped down this summer, the company's future again came into doubt. While the board has searched for a successor, it has also weighed its strategic options.
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