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Sara Lee Corp. NYSE: SLE announced it has received a binding offer from SC Johnson links of london sale acquire Sara Lee's global shoe care business, including brands Kiwi, Kiwi Kleen, Bama, Tana and Meltonian, for EUR245 million. Where permissible, Sara Lee has agreed to accept the binding offer upon satisfaction of certain conditions. In fiscal 2009, this business generated annual sales of approximately EUR230 Links of London Charms $315 million based on fiscal 2009 exchange rates and accounted for approximately 19 percent of the adjusted operating segment income1 for the International Household and Body Care business. The proposed transaction, which is subject to customary closing conditions and regulatory clearances, is anticipated to close by the end of fiscal Links of London Bookworm Charm July 2, 2011. Sara Lee will consult with relevant works councils during the process. "With the binding offer for our global shoe care business, we have now announced or completed transactions for substantially all of our Household and Body Care business," said Marcel Smits, interim chief executive officer, Sara Lee Links of London Classic 18ct Gold Maple Leaf Charm. "We're excited to get closer to bringing this process to a close as we continue to focus on our core protein and coffee businesses, while continuing to evaluate the best opportunities for value creation and investment of cash." Sara Lee has completed the sale of its body care business to Unilever for EUR1.21 billion, its air care business to P&G for EUR320 million, and its stake in its Godrej Sara Lee joint venture to Godrej Consumer Products Ltd. for EUR185 million.