Navigation Links
The J. M. Smucker Company to Merge P&G's Folgers Business into the Company in an All-Stock Transaction
Date:6/4/2008

o $1 billion in 2002. The addition of Folgers, a billion dollar brand, is consistent with Smucker's strategy to own and market number one food brands in North America.

The merger provides investors with a compelling financial story and further strengthens Smucker's ability to deliver enhanced shareholder value over time. Smucker believes that the addition of the Folgers business will benefit Smucker and its shareholders in several important ways, as detailed below:

-- Assuming Folgers was owned for all of Smucker's fiscal year 2009:

-- Net sales are expected to increase to approximately $4.7 billion.

-- It is estimated that the transaction would be accretive by

approximately 9 percent to fiscal year 2009 earnings per share,

excluding merger and integration costs, and after giving effect to

the impact of the special dividend to Smucker shareholders, as

discussed in Transaction Details below.

-- Smucker expects to realize synergies in excess of $80 million.

-- The profit contribution from Folgers and fully realized synergies

of over $80 million are expected to result in estimated earnings

before interest, taxes, depreciation, and amortization ("EBITDA")

of $820 million. This represents an increase in the EBITDA margin

of nearly 300 basis points.

-- Results for fiscal year 2009 will depend on the actual closing date.

Assuming the transaction closes early in the fourth quarter of calendar

2008:

-- Fiscal 2009 net sales are estimated to approximate $4 billion.

-- Fiscal 2009 earnings per share, before one-time costs associated

with the transaction, are estimated to range from $3.45 to $3.50.

-- Fiscal 2010 earnings per share, before one-time costs associated

with the transaction, are estimated to range from $3.62 to $3.72. '/>"/>

SOURCE The J. M. Smucker Company; The Procter & Gamble Company
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10

Related medicine news :

1. The J.M. Smucker Company Travels the U.S. to Launch the Simple Steps To A Better You Campaign
2. Owner and Operator of Florida Durable Medical Equipment Company Convicted of Medicare Fraud
3. Claim Filed Against the Company and Nine Other Defendants in the Haifa Magistrates Court
4. Cleveland-based Health Care Tech Company Within3 Names New CEO
5. Elliott Extremely Dissatisfied With Genzyme Bid for Bioenvision; Believes Offer Significantly Undervalues Company
6. Par Pharmaceutical Files Form 10-K for 2006 -- Company to Hold First Analysts Meeting September 28, 2007
7. Neusoft Becomes First Global Growth Company Partner of World Economic Forum
8. Statement of Eli Lilly and Company on Dr. David Egilman Settlement:
9. Exponent to Present at the Upcoming Sidoti & Company Investor Forum and William Blair Small-Cap Growth Stock Conference
10. Perrigo Company to Host Analyst Meeting on September 18, 2007
11. The NeoStrata Company Appoints a New Vice President of Operations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/13/2014)... 2014 Top10BestSEOHosting.com is a well-known ... a lot of web hosting suppliers and announced ... are the best ASP.NET hosting suppliers in 2014. ... hosting is a very popular way for webmasters ... The IT manager is happy to introduce Arvixe, ...
(Date:9/13/2014)... Happiness is a choice that can transform lives and ... what LWell believes thanks to Joana U-Ming Stephens. ... coach who has loved fitness and has been practicing holistic ... is a Choice" seminar at its Yorktown, Va. location Friday, ... is being offered free as a gift to the community ...
(Date:9/13/2014)... Baltimore, MD (PRWEB) September 13, 2014 Deaf ... year The Hearing and Speech Agency hosts a ... American Sign Language (ASL) as the main form of ... year, the schedule includes an ASL film night, a yoga ... is open to the entire community. , The schedule is ...
(Date:9/13/2014)... 13, 2014 Motion Graphics artist at Pixel ... pack entitled TransPack Volume 2 exclusively for Final Cut Pro ... to transition from one clip to the next.” Said Christina ... have too many transition options and TransPack Volume 2’s professional ... 2 is a package of 30 thematic transitions made specifically ...
(Date:9/13/2014)... Salt Lake City, Utah (PRWEB) September 13, 2014 ... hot topic in Utah. Coming into mosquito high season ... Hurricane, Cedar City and surrounding areas. With a rise ... County’s Sean Amodt is facilitating a partnership with Dixie ... and Associates for testing on a product called NutriVex. ...
Breaking Medicine News(10 mins):Health News:Best ASP.NET Hosting Suppliers in 2014 Unveiled By Top10BestSEOHosting.com 2Health News:“Happiness is a Choice” Life Coaching Seminar Open to Community 2Health News:“Happiness is a Choice” Life Coaching Seminar Open to Community 3Health News:Baltimore Nonprofit Celebrates Deaf Awareness Week 2Health News:Baltimore Nonprofit Celebrates Deaf Awareness Week 3Health News:Today a new TransPack Volume 2 transition was announced from Pixel Film Studios for Final Cut Pro X. 2Health News:Dixie State University Partners with Utah Marketing Firm and the SW Mosquito Abatement and Control District for Product Testing 2Health News:Dixie State University Partners with Utah Marketing Firm and the SW Mosquito Abatement and Control District for Product Testing 3
... Science and Technology Kapil Sibal today told captains of the ... that the industry projected in the sector, may not be ... never happen. It is a far cry,' Sibal said at ... as India's biggest biotech show., ,Unlike the IT sector ...
... signals transmitted to Earth by extraterrestrials by a new ... amount of sky covered by current equipment -according to ... exploration and funding the telescope's development are the Planetary ... alien civilizations, whom use light signals to communicate as ...
... Football fans who spend hours guzzling beer while watching the ... not being man enough to play the game, says a ... of Sussex claim that men who are not confident of ... try and prove their masculinity., ,The study, based on ...
... treatment mode for women diagnosed with breast cancer who harbour ... consider hormonal treatments to reduce their risk of a revival. ... led by researchers at the University of Michigan Comprehensive Cancer ... mutation who had their ovaries removed or took the anti-estrogen ...
... among Africans as a custom rather than as a matter ... curbing sexual waywardness //in the females while some clans even ... method of initiating teenage girls into adulthood. ,As ... and scissors which are often unsterilized. In addition the area ...
... calpain can play a key role in regulating cell death, ... by these scientists //that calpain may be used to promote ... prevent cell death such as in neuronal cells in ... a Professor of Pathology and Molecular Medicine with the Cancer ...
Cached Medicine News:Health News:Breast-Sparing Surgery: An Optional Treatment Mode For Women With Breast Cancer 2Health News:Breast-Sparing Surgery: An Optional Treatment Mode For Women With Breast Cancer 3Health News:Female Circumcision Rampant in Africa 2Health News:Protein’s role in regulating cell death sets direction for Alzheimer’s, Parkinson’s and cancer resea 2
(Date:9/12/2014)...  Rock Creek Pharmaceuticals, Inc., (NASDAQ: ... chronic inflammatory disease and neurologic disorders, announced today ... U.S. Food and Drug Administration (FDA) in response ... the formulations of Anatabloc® and CigRx® submitted by the ... FDA considers anatabine citrate, a principal ingredient in ...
(Date:9/11/2014)... , September 11, 2014 /PRNewswire/ ... Markets ( http://www.researchandmarkets.com/research/lqkmlx/radio_frequency ) has announced the ... Identification (RFID) Market in Healthcare (Tags, ... Industry Analysis, Size, Share, Growth, Trends ... their offering.  ,     (Logo: http://photos.prnewswire.com/prnh/20130307/600769) , ...
(Date:9/11/2014)... Intarcia Therapeutics, Inc. today announced its participation in ... Association for the Study of Diabetes (EASD), taking place ... lead product candidate, ITCA 650, (exenatide, delivered continuously through ... global Phase 3 trials and could become the first ... 2 diabetes. Intarcia,s global ITCA 650 phase 3 ...
Breaking Medicine Technology:Rock Creek Pharmaceuticals Receives New Dietary Ingredient Notification (NDIN) Response 2Rock Creek Pharmaceuticals Receives New Dietary Ingredient Notification (NDIN) Response 3Global Radio Frequency Identification (RFID) Market in Healthcare (Tags, Readers, Middleware, Printers and Cabinets) - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2020 2Global Radio Frequency Identification (RFID) Market in Healthcare (Tags, Readers, Middleware, Printers and Cabinets) - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2020 3Intarcia Announces Two Presentations At 50th EASD Meeting: Confirms Pivotal Phase 3 Data Announcement For ITCA 650 In Type 2 Diabetes In 4Q 2Intarcia Announces Two Presentations At 50th EASD Meeting: Confirms Pivotal Phase 3 Data Announcement For ITCA 650 In Type 2 Diabetes In 4Q 3Intarcia Announces Two Presentations At 50th EASD Meeting: Confirms Pivotal Phase 3 Data Announcement For ITCA 650 In Type 2 Diabetes In 4Q 4
... CITY, April 14, 2011 Booth #H1/E32 -- Varian Medical ... selection of X-ray tubes and flat panel image detectors for ... (CMEF) meeting in Shenzhen, China, April 16-18, 2011.  Varian will ... radiosurgery. Varian,s exhibit will showcase: ...
... Richmond Ambulance Authority (RAA) and Bon Secours Virginia ... launched a new program designed to save the lives ... cards that will help first responders provide rapid and ... (Photo: http://photos.prnewswire.com/prnh/20110414/PH82953 ) ...
Cached Medicine Technology:Varian Medical Systems to Exhibit the Latest Digital Image Detectors, X-Ray Tubes and Cancer Treatment Technologies at the CMEF Show in Shenzhen, China 2Varian Medical Systems to Exhibit the Latest Digital Image Detectors, X-Ray Tubes and Cancer Treatment Technologies at the CMEF Show in Shenzhen, China 3Richmond Launches Nation's First Rider Alert Cards for Motorcyclists 2
... Bulb Direct has been selling ... since 1996, and we are ... satisfaction guarantee. Check out our ... see our discount light bulbs ...
... Bulb Direct has been selling ... since 1996, and we are ... satisfaction guarantee. Check out our ... see our discount light bulbs ...
... has been selling replacement bulbs ... and we are extremely proud ... Check out our catalog of ... discount light bulbs specials. ...
... has been selling replacement bulbs ... and we are extremely proud ... Check out our catalog of ... discount light bulbs specials. ...
Medicine Products: