By 1987, the company had divested itself of all of its CF7s.
The company has since divested itself of both operations.
The Senate bill would require the companies to slowly divest most of their $1.5 trillion investment portfolios.
In all, he said, the agency was requiring that the combined company divest itself of 650 to 700 stores.
In 2001 the company divested itself of the Technologies division and focused entirely on the Financial business.
It would allow both companies to divest themselves of businesses that analysts say were not their forte.
After the change of name, the company focussed on its department store activities and divested all other business activities.
The company divested its theme park division in 1989 for $1.1 billion.
In recent years, the company has been divesting itself of units involved in Government business.
Sara Lee executives said the company could divest itself of additional units in the coming year.