Sara Lee (NYSE:SLE), JBS Deal Can Get Done Says Wells (NYSE:WFC)

With the market capitalization of Sara Lee (NYSE:SLE) and JBS almost the same, under normal market conditions an acquisition would be difficult to move forward.

But with the potential support from the Brazilian government, which could help finance the deal, it is still a definite possibility the deal can get done.

Wells Fargo (NYSE:WFC) noted, "While JBS has roughly the same market capitalization as SLE, JBS could potentially receive support in financing a transaction from the Brazilian government, a top shareholder of JBS. While the Journal and other media outlets have reported that SLE rebuffed a potential offer from KKR earlier this year, we believe that private equity is less likely to be a buyer than JBS owing to the substantial equity investment and debt financing needed for an LBO."

Wells Fargo maintains a "Market Perform" rating on Sara Lee, which closed Monday at 17.69, up $0.43, or 2.49 percent.