05:20 SLE S.C. Johnson vies with P&G for Sara Lee unit - WSJ (12.20 ) The Wall Street Journal reports S.C. Johnson & Son has joined the bidding for Sara Lee's (SLE) air-freshener business, according to people familiar with the matter, potentially creating a formidable player in Europe with the combination of S.C. Johnson's Glade brand and Sara Lee's Ambi Pur. The bidding for the unit, which pits S.C. Johnson against consumer-products giant Procter & Gamble (PG), could fetch more than $700 million but could still be weeks away. S.C. Johnson is also interested in other parts of Sara Lee's international household-care business, which includes insecticides and Kiwi shoe polish, the people said. S.C. Johnson's board will meet this week to discuss a possible deal with Sara Lee, one of the people said. Sara Lee declined to comment, as did S.C. Johnson. The emergence of competition for P&G, whose interest in the air-care business surfaced last month, could facilitate Sara Lee's goal of selling its international household and personal-care business. The co officially put the operations on the auction block in March and hired Goldman Sachs Group to help sell them. In September, Sara Lee reached a deal to sell the personal-care business to Unilever (UL) for about $1.9 billion.