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ValueAct increases stake in Sara Lee to 5%
By Laura Lutz
Des Moines, Jan. 18 - Affiliates of ValueAct Capital reported ownership of about 5% of the outstanding stock of Sara Lee Corp., according to an SC 13D filing with the Securities and Exchange Commission.
Between Nov. 19 and Jan. 10, ValueAct Master Fund and ValueAct Master Fund III bought a total of 6,690,600 Sara Lee shares at prices ranging from $15.69 to $16.25.
The investors spent $107,344,777.30 on the stock.
Sara Lee is a food producer based in Downers Grove, Ill.
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