DealZone

Deals wrap: Taxing Sara Lee

January 24, 2011

U.S. dollar bills are displayed in Toronto in this posed photo, March 26, 2008. REUTERS/Mark BlinchAvoiding being clobbered with a huge tax bill is a key consideration in deciding on a sale, break-up or spin-off for a large company like Sara Lee.

Activist investor William Ackman and Vornado’s Chief Executive Steven Roth will join the board of J.C. Penney next month, the department store operator said.

Google needs to buy a Groupon clone, reports GigaOM.

The retail sector is ripe for M&A activity, reports Morningstar.

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