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ValueAct continues to build stake in Sara Lee
By Lisa Kerner
Charlotte, N.C., Feb. 21 - ValueAct Capital affiliates boosted their stake in Sara Lee Corp. to 6.1% from 5% with the purchase of 7.25 million shares of the company's stock.
The shares were acquired on Feb. 14 and Feb. 19, priced at $13.28 and $13.35, according to a schedule 13D filed with the Securities and Exchange Commission.
The investors beneficially own a total of 43,518,415 shares.
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, a prior SEC filing stated.
Sara Lee is a food producer based in Downers Grove, Ill.
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