I just noticed this… Sara Lee Completes Hanesbrands Spinoff.? The new Hanes stock is trading under the symbol HBI and is currently priced at a market cap around $2 billion.? The Sara Lee mother ship weighs in at a market cap of $11 billion (after the spinoff), so they basically just sold 18% of their company in one fell swoop.

Sara Lee has been going through some very painful restructuring, but the price makes it attractive to some value buyers right now.? It had a dividend yield over 4% earlier this year before they lowered their dividend — it’s currently yielding 2.5%, well above the market average.