UPDATE: Sara Lee CEO: International Household Operations Proposal Progressing
September 16 2009 - 10:12AM
Dow Jones News
Sara Lee Corp. (SLE) Chief Executive Brenda Barnes said the
company has had expressions of interest for its international
household and body care operations and is making progress in its
proposed sale of that business.
The company previously said it was exploring options for that
business. Barnes was speaking Wednesday at the company's analyst
presentation in New York.
The company said Wednesday that the board intends to keep the
quarterly dividend unchanged at 11 cents a share for the next four
quarters.
Sara Lee also said it is eliminating less profitable brand
extensions in its foodservice and retail businesses.
-By Anjali Cordeiro, Dow Jones Newswires;
anjali.cordeiro@dowjones.com