The PJ Tatler

Bimbo to buy Sara Lee

Showgirl with money in her skirt (Image Source via AP Images)

Yes, we just posted this for the headline.

Mexico’s Grupo Bimbo SAB, the second largest bakery company in the world by revenue, may issue debt in the U.S. or Mexico to help finance its $959 million acquisition of Sara Lee Corp.’s  fresh bakery assets in North America.

According to Armando Giner, director of investor relations at Bimbo, market conditions are favorable at the moment and the company is analyzing the possibility of issuing debt in both countries, as well as using bank financing.