Sara Lee Corp. (SLE: Quote) announced Friday morning that plans to spin-off of its Coffee & Tea business. The spin-off is expected to be completed by the end of June.
Sara Lee Corp. gapped open higher Friday and climbed until the middle of the morning. Shares rose further around 1:30PM and finished up by 1.44 at $21.83 on the highest volume of the year. The stock broke out of over a 2-week range and set a new high for the year.
Click here to receive FREE breaking news email alerts for Sara Lee Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org