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Vibram Five Fingers Speed Its
The proposed transaction, which is subject to customary closing conditions Vibram Five Fingers Bikila regulatory clearances, is anticipated to close by the end of fiscal 2011 July 2, 2011. Sara Lee will consult with relevant works councils during the process.
"With the binding offer for our global shoe care business, we have now announced or completed transactions for substantially all of our Household and Body Care business," said Marcel Vibram Five Fingers Classic, interim chief executive officer, Sara Lee Corp. "We're excited to get closer to bringing this process to a close as we continue to focus on our core protein and coffee businesses, while continuing to evaluate the best opportunities for value creation and investment of cash."
Sara Lee has completed the sale of its body care business Vibram Five Fingers Kso ...
... Unilever for EUR1.21 billion, its air care business to P&G for EUR320 million, and its stake in its Godrej Sara Lee joint venture to Godrej Consumer Products Ltd. for EUR185 million. In addition, the company has agreed to sell its White King and Janola brands to Symex Holdings Limited for EUR37.9 million Vibram Five Fingers Speed its non-Indian insecticides business to SC Johnson for EUR153.5 million, with the transfer of the insecticides business pending approval by the European Commission. Total Household & Body Care transactions are expected to generate pretax sales proceeds of approximately EUR2.15 billion, and represent approximately 100 percent of the fiscal 2009 adjusted operating segment income1 of the International Household and Body Care business.
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