Sara Lee Corporation to Buy Back Its Shares

By: trademagazin Date: 2008. 11. 10. 00:00

The Downers Grove-based packaged-food and consumer-goods company's stock fell 14 percent after it reported fiscal first-quarter results, lowered its outlook for fiscal 2009 and announced it would suspend its share-buyback program because of global credit

Than the
board of the company announced that, as a result of the lower price
for Sara Lee common stock, the firm will re-enter the market to buy
back its shares on an opportunistic basis. At this time, the company
has not identified the amount of stock that will be repurchased this
fiscal year.

Sara Lee's buyback program started in
2005 and runs into 2010. The company has acquired $1.6 billion of the
$2.5 billion to $3 billion in shares it is authorized to buy.