Finance & Capital Management

VF Corporation completes the sale of its global intimate apparel business to Fruit of the Loom Inc., a subsidiary of Berkshire Hathaway Inc. Proceeds of the sale will consist of the previously disclosed $350 million purchase price, plus adjustment for working capital changes.

Reebok International Ltd. files a lawsuit against Nike Inc. in the U.S. District Court for the Eastern District of Texas, claiming Nike infringed on a patent arising from Reebok's collapsible shoe technology.

On Monday, April 2, 2007, Kraft Foods Inc. Chairman and CEO Irene Rosenfeld joined 11 Kraft employees from around the world to ring The Opening Bell at the New York Stock Exchange, marking the company's first day of trading as a fully independent company.

According to the Associated Press, Techtronic Industries Co. Ltd. (TTI) will close Hoover's main campus in North Canton, Ohio, and some manufacturing operations of the vacuum-cleaner business by fall, resulting in 750 job cuts.

Workbrain Corporation reaches a definitive agreement with Infor Global Solutions European Finance, S.A.R.L. (Infor) under which Infor will acquire all of Workbrain's outstanding common shares at a price of $12.50 per share in cash pursuant to a statutory plan of arrangement.

Coty Inc. signs an agreement with Grey's Anatomy star Katherine Heigl to be the face of the first new women's fragrance from Nautica.

To maximize shareowner value, Cadbury Schweppes is evaluating options for the intended separation of its confectionery and Americas Beverages businesses.

I was fortunate to meet with, interview and even "hang out" with some excellent business leaders over past month.