Sara Lee Corp. (SLE) 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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.