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Yields & Deals-In Brief

By Restaurant Business Staff on Aug. 02, 2001
*SureBeam Corp., San Diego, following its March IPO launch at $10 per share, was trading at $13.05 on July 25. SureBeam manufactures electronic irradiation systems, for cold pasteurization, as the food safety treatment is called. The company operates the first electronic food pasteurization service center in the nation, in Sioux City, Iowa, and is currently expanding service capability into other markets. The stock (symbol: "SURE") got off to a rocky start, closing at $8.59 its first day on the Nasdaq Exchange. The price, however, hit a high of $19.45 in May and is still well above the first day's closing.

*Sara Lee Corp., Chicago, has received a go-ahead from the Justice Department to acquire Earthgrains Co., St. Louis, the second largest bakery in the nation. The acquisition is in keeping with Sara Lee's goal to become a leader in frozen baked goods. The $2.8-billion acquisition will more than triple the value of Sara Lee bakery operations, to $3.4 billion.

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