WBEZ | Apollo Global Management http://www.wbez.org/tags/apollo-global-management Latest from WBEZ Chicago Public Radio en Sara Lee reportedly will pursue a breakup http://www.wbez.org/story/apollo-global-management/sara-lee-reportedly-will-pursue-breakup <p><p>Sara Lee reportedly will split up its business instead of selling the whole company. <br /><br />The Wall Street Journal and the New York Times say Sara Lee is heading for a breakup after deciding that buyout bids came in too low. Neither paper is citing its sources, and a Sara Lee spokeswoman declined to comment. <br /><br />Morningstar analyst Erin Swanson says the Brazilian meat company JBS may be having trouble coming up with enough financing to meet the price Sara Lee wants. <br /><br />&quot;JBS has made I want to say between 15 and 20 acquisitions in the last several years and they have a significant amount of debt on their balance sheet as a result of these acquisitions, and so I think that that is one of the things that I think could be holding JBS back,&quot; Swanson said.<br /><br />Another bid reportedly came from a group led by a private-equity firm called Apollo Global Management. Swanson says she thinks it&rsquo;s still possible Sara Lee will get a higher offer and sell the company after all. <br />&nbsp;</p></p> Thu, 27 Jan 2011 21:24:00 -0600 http://www.wbez.org/story/apollo-global-management/sara-lee-reportedly-will-pursue-breakup