Sara Lee has been considering JBS's offer more seriously in recent weeks, WJS claimed, though no decision has been made.
“We don’t comment on marketplace rumor or speculation,” a Sara Lee spokesman told MEATPOULTRY.com when asked about the rumor.
JBS has a market capitalization nearly equal to Sara Lee, which could make it challenging to assemble a full takeover offer. Sara Lee is in flux. The company's former CEO, Brenda Barnes, resigned in August, after suffering a stroke.