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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits" -- Ignore unavailable to you. Want to Upgrade?


To: 249443 who wrote (955)5/25/2006 8:11:39 AM
From: 249443  Read Replies (1) | Respond to of 1185
 
Sara Lee Reports on Spinoff Plan
suntimes.com

By BLOOMBERG NEWS
Published: May 25, 2006

"The Sara Lee Corporation said yesterday that it expected to complete the spinoff of its Hanes, Playtex and Wonderbra apparel unit by September as it shed assets to focus on faster-growing businesses.

The unit, Hanesbrands, had $4.7 billion in sales in fiscal 2005. The distribution ratio for the shares will be determined shortly before the transaction takes place, Sara Lee said..."



To: 249443 who wrote (955)5/26/2006 9:30:21 PM
From: cfimx  Respond to of 1185
 
This is the kind of business Buffett likes a lot. He bought FOTL and has made a move on Russell. I hope this one sells off.

regards