International Business

The reduction in force affects 250 employees.

The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun's cash and debt.

The deal includes the popular Los Cuates corn chips as well as potato chips, seeds and nuts.

The 120,000-square-foot innovation campus is Sara Lee North America's new research and development center of excellence.

The acquisition of Jackson Products is consistent with the company's globalbusiness plan strategy to accelerate growth of high-margin workplacesolutions.

He replaces Hans Joachim Honigfort who will retire in the fall after seven years with Coty and an accomplished career.

As part of the agreement, IBM will provide IT infrastructure services, network support, application maintenance services and more.

The transaction includes the Wild Turkey brands, along with American Honey liqueur, distillery facilities in Kentucky and related assets, together with aged bulk bourbon inventory.