Analysts Like Bimbo/Sara Lee

Analysts Like Bimbo/Sara Lee

Mexico M&A

A potential acquisition of Sara Lee’s bread business by Grupo Bimbo gets the approval of analysts, who say the deal would be non-dilutive to Sara Lee, while Bimbo would likely be able to improve the unit’s margins. Deutsche Bank runs potential Ebitda multiples for the acquisition under a variety of scenarios and prices. “The $1.3bn case should probably be everyone’s base case,” days Deutsche. It adds that this would be “attractive” if a sale includes all of Sara Lee’s baking assets, such as oper

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