SARA LEE <SLE> TO BUY 34 PCT OF DIM
Sara Lee Corp said it agreed to buy a 34
pct interest in Paris-based DIM S.A., a subsidiary of BIC S.A.,
at a cost of about 84 mln dlrs.
    DIM S.A., a hosiery manufacturer, had 1985 sales of about
260 mln dlrs.
    The investment includes the purchase of 360,537 newly
issued DIM shares valued at about 51 mln dlrs and a loan of
about 33 mln dlrs, it said. The loan is convertible into an
additional 229,463 DIM shares, it noted.
    The proposed agreement is subject to approval by the French
government, it said.
 Reuter
