*Sara Lee Corp., Chicago, has received a go-ahead from the Justice Department to acquire Earthgrains Co., St. Louis, the second largest bakery in the nation. The acquisition is in keeping with Sara Lee's goal to become a leader in frozen baked goods. The $2.8-billion acquisition will more than triple the value of Sara Lee bakery operations, to $3.4 billion.
Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.