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7,300 to DIVIDE a CORPORATION into  Form

7,300 to DIVIDE a CORPORATION into Form

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this is the financial news network I'm Christy Duffy Sarah Lee Corporation announced Friday that its board of directors has agreed in principle to divide the company into two separate publicly traded companies which is expected to be completed in early calendar year 2012. the separation will include a three dollar per share special dividend on the company's common stock the company's North American retail and North American Food Service businesses will be spun off into a new public company that will retain the sourly name the other company will consist of Sara Lee's current International Beverage and bakery businesses as well as the North American Beverage business James Crown chairman of the board commented on the news saying quote today's announcement is a logical step following the divestment of our International households and body care business and the announced sale of our North American fresh bakery business we have carefully considered va

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