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Sara Lee Credit Swaps Jump on Revived Speculation of Buyout

Credit-default swaps on Sara Lee Corp. climbed to a record following a report that buyout firm Apollo Global Management LLC teamed up with investor C. Dean Metropoulos to consider a bid for the company.

Contracts protecting Sara Lee’s debt jumped 41.9 basis points to 200.7 basis points, according to data provider CMA, above the previous high of 186.4 on Jan. 5.