Showing posts with label Sara Lee. Show all posts
Showing posts with label Sara Lee. Show all posts

7.11.2012

How Sara Lee split shaked out

I mentioned the Sara Lee divestiture several weeks ago here. I had 100 shares of SLE in my IRA. This is how it turned out


D.E Master Blenders 1753 N.V (DEMBF)
Hillshire Brands Company (HSH)
On the suggestion of two of my brother-in-laws I used the $ 300 to buy 20 shares of ALPS Alerian MLP ETF (AMLP)

6.22.2012

Sara Lee fireworks

Sara Lee Corp. Board of Directors approves a 1-for-5 reverse stock split immediately after the spin-off

Comment: Kind of complex but if I understand it correctly all will be happening the 1st week of July. To keep this simple (for my pea brain) suppose an investor has 100 shares of SLE
  • SLE will split off coffee business into new company called D.E MASTER BLENDERS 1753 (unsure of the stock symbol but it won't be DE because that is John Deere
  • SLE investors will receive a $3.00 special dividend per ahare (for for 100 shares = $ 300
  • Then SLE will do a reverse stock split and the 100 shares will be 20
  • And the new company name will be Hillshire Brands with a stock symbol of HSH