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SYM Symbio Holdings Ltd

2.63
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Symbio Holdings Ltd ASX:SYM Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.63 2.62 2.65 0.00 01:00:00

Sara Lee To Sell Australia Cleaning Item Operations For EUR27.9 Million

28/12/2010 9:58pm

Dow Jones News


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   DOW JONES NEWSWIRES 
 

Sara Lee Corp. (SLE) agreed to sell its Australian and New Zealand cleaning products business for EUR27.9 million to Symex Holdings Ltd. (SYM.AU), the latest in a long string of divestitures by the food company.

The White Kings and Janola business mostly makes and sells bleach, toilet, laundry and other cleaning products. Sara Lee expects the deal to close in the first quarter.

Sara Lee's former chief executive, Brenda Barnes, had sold off about two-fifths of the company's businesses to narrow its focus to concentrate more on meat and bread products before she left the company for medical reasons in August. It has also rebuffed a takeover offer from private equity firm KKR & Co. LP. (KKR) and is said to be considering another takeover offer from JBS SA (JBSAY, JBSS3.BR).

Shares closed Tuesday up four cents at $17.55 and weren't active after hours. The stock has climbed 44% so far in 2010.

-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

 
 

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