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PZ Cussons to bid for Sara Lee ops -paper

Sun Apr 12, 2009 9:31am EDT

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LONDON, April 12 (Reuters) - Britain's PZ Cussons (PZC.L) has joined the shortlist of bidders for the European household and personal care business of U.S. consumer goods group Sara Lee (SLE.N), the Sunday Times reported without citing sources.

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The newspaper said PZ Cussons, the maker of Imperial Leather soaps, joins larger rivals Reckitt Benckiser (RB.L), Unilever (UNc.AS) (ULVR.L), Colgate-Palmolive (CL.N) on the shortlist.

Sara Lee has put a price tag of between $3 billion and $3.5 billion on the business, which includes brands such as Kiwi shoe polish, Brylcream hair styling products and Sanex deodorant, the paper said.

PZ Cussons, was not immediately available for comment. A spokesman for Sara Lee in Europe said it was not company policy to comment on media speculation. (Reporting by Victoria Bryan; editing by Mike Nesbit)

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