The cereal company also pays $450 million (about 15 times EBITDA) for a 50% stake in Multipro, a Nigeria-based food sales and distribution company.
The size of the upward revision surprised economists and suggests the U.S. economy had some momentum entering the third quarter.
Since J&J introduced it in 1999, Splenda has reached $300 million in annual sales.
The transaction is the medical device maker's largest this year.
The CFO of Ricoh Americas analyzes the business transformation of the company as it changes its identity from a hardware supplier to a services…
Shares closed at $52.67 on Thursday, down 29.75%, wiping out more than $3 billion in market value.
Thirty-eight percent of CFOs identified health care as their biggest concern, followed by increased competition and skilled-labor shortages.
LinkedIn’s losses are mounting due its aggressive growth spurt, occurring both internally and through acquisitions.
'This high-quality acquisition significantly increases UPS full-truckload scale,' said UPS's chief executive.
Twitter hasn't reached the mass market because 'they don’t understand why to use Twitter' and ‘they don’t know how to use Twitter,' said CFO…