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

ent Smucker shareholders will own approximately 46.5 percent of the combined company upon closing. Upon closing, Smucker will have approximately 118 million shares outstanding. As part of the transaction, Smucker will be assuming an estimated $350 million of Folgers debt. The transaction is expected to be tax-free to both companies and P&G shareholders. In addition, Smucker shareholders as of the record date, prior to the merger, will receive a special dividend of $5 per share. The record date for the special dividend will be determined by Smucker at a future date.

The transaction is expected to close in the fourth quarter of calendar 2008, subject to customary closing conditions including regulatory and Smucker shareholder approvals. Smucker expects to incur approximately $100 million in one-time costs related to the transaction over the next 12 to 24 months.

Following completion of the transaction, the expanded Smucker Company will add over 1,250 employees including sales, marketing, coffee procurement, product development, supply chain and administrative functions in Cincinnati and manufacturing plants in New Orleans, Louisiana; Kansas City, Missouri; and Sherman, Texas, along with a key distribution center in New Orleans.

Smucker was advised by Banc of America Securities LLC; William Blair & Company, L.L.C.; Calfee, Halter & Griswold LLP; and Weil, Gotshal & Manges LLP. P&G was advised by Morgan Stanley & Co. Inc., The Blackstone Group L.P., Jones Day and Cadwalader, Wickersham & Taft LLP.

Conference Call

P&G and Smucker will jointly host a conference call today at 9:00 a.m. ET to discuss the Folgers transaction. The webcast, as well as a replay in downloadable MP3 format, can be accessed from the companies' websites at http://www.smuckers.com and http://www.pg.com . An audio replay will be available following the call and can be a
'/>"/>

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:5/27/2015)... This is a professional and ... Omega-3 industry. The report provides a basic overview ... industry chain structure. The Omega-3 market analysis is ... competitive landscape analysis, and key regions development status. ... Company, Seadragon Marine Oils, Norwegian Fish Oil, Croda ...
(Date:5/27/2015)... May 27, 2015 With InnerVoice Communication ... environment where the message is not only heard but seen ... or virtually any motivating image. This award-winning and affordable app ... , Now, using InnerVoice Sender app in ... sent to a learner remotely for no additional cost. , ...
(Date:5/27/2015)... (PRWEB) May 27, 2015 For a limited ... Ghasri, is now offering discounts on facial fillers. Skin loses ... the age of 18. This lost collagen can lead to ... wrinkles and expression lines. Facial fillers are an excellent way ... turn to facial fillers to create a softer and more ...
(Date:5/27/2015)... May 27, 2015 Decorview , ... America, is offering free design advice to homeowners looking ... , “Light pollution caused by streetlights, outdoor signs, ... restless night’s sleep, said Kim Rush, VP of sales ... cities across North America with recently installed LED streetlights– ...
(Date:5/27/2015)... CRN International, the radio marketing and promotions ... Financial Officer. , Prinner most recently was Principal of ... financial/operational executive positions at telecom and technology services companies ... and SNET. His accounting and consulting career began ... will be able to tap into his experience of ...
Breaking Medicine News(10 mins):Health News:Omega-3 Market: Global 2015 Analysis & 2020 Forecasts on Market Size 2Health News:Newly Released: InnerVoice Sender App Ups the Ante in Communication Technology for Autism with Remote Prompting 2Health News:Newly Released: InnerVoice Sender App Ups the Ante in Communication Technology for Autism with Remote Prompting 3Health News:Newly Released: InnerVoice Sender App Ups the Ante in Communication Technology for Autism with Remote Prompting 4Health News:Dermatologist, Dr. Peyman Ghasri, is Now Offering Discounts on Facial Fillers 2Health News:Decorview Helps Homeowners Combat Light Pollution 2Health News:CRN International Names New Chief Financial Officer 2
... for years may be embarrassed to let a spouse or partner ... shyness can hamper a couple,s willingness to do total body skin ... melanoma. Melanoma, the most deadly form of skin cancer, can appear ... "I had a woman tell me, ,I don,t want my husband ...
... DE May 20, 2008 A new ... therapy and fluticasone/salmeterol combination therapy, as measured by ... in the study were ages 18 years and ... been previously treated with inhaled corticosteroids.1 Results were ...
... It is not uncommon to find tissue that normally lines ... "heterotopic" gastric tissue has been identified in such diverse locations ... , This case, reported by a team led by Dr. ... edition of the World Journal of Gastroenterology. , Typically, when ...
... than a dose-response effect on mortality from alcohol-related liver ... beverage, was more significant to liver injury. , This ... You-Ming Li from Zhejiang University, is described in a ... in the World Journal of Gastroenterology. , The study ...
... with cirrhosis of the liver develop abnormally dilated blood ... vomiting may occur from the rupture of these varices, ... eradicate these varices. To achieve this, an elastic band ... allows the consecutive application of up to six rubber ...
... and calm, according to a new study from the Population ... at about age 60, participants reported more feelings of ease ... John Mirowsky, professors of sociology, have published the findings in ... issue of Social Science and Medicine. The research was funded ...
Cached Medicine News:Health News:A loving partner can save your skin 2Health News:A loving partner can save your skin 3Health News:Heterotopic gastric tissue simulating acute appendicitis 2Health News:How to save cost for esophageal varices? 2Health News:With age comes a sense of peace and calm 2
(Date:5/27/2015)... , May 27, 2015 In ... the Canadian International Pharmacy Association (CIPA) ... online from licensed Canadian pharmacies. Approximately 64% of respondents ... medications from a non-U.S. pharmacy due to costs ... not covered under their insurance plan.   ...
(Date:5/27/2015)... , May 27, 2015  Genomic Health, Inc. (Nasdaq: ... Operating Officer and Chief Financial Officer, will present at the ... City on Monday, June 1 at 8:30 a.m. ... subsequently archived webcast of the presentation, go to the  Investor ... .  Please connect to the web site at least 15 ...
(Date:5/27/2015)...  Later this week, Cardinal Health Specialty Solutions ... outcomes research (HEOR) studies that reinforce the importance ... reimbursement strategies.   Dr. Bruce ... of Cardinal Health Specialty Solutions, says that physicians, ... more than a decade that clinical trials alone ...
Breaking Medicine Technology:Canadian International Pharmacy Association (CIPA) Survey of Americans Finds 64% Purchase Medications from Canada Due to Affordability 2Canadian International Pharmacy Association (CIPA) Survey of Americans Finds 64% Purchase Medications from Canada Due to Affordability 3Genomic Health to Present at the Jefferies 2015 Global Healthcare Conference 2Genomic Health to Present at the Jefferies 2015 Global Healthcare Conference 3New Studies Reinforce Important Role Real-World Patient Data Can Play in Developing Value-based Reimbursement Strategies 2New Studies Reinforce Important Role Real-World Patient Data Can Play in Developing Value-based Reimbursement Strategies 3
...  NxStage Medical, Inc. (Nasdaq: NXTM ), a ... to release its financial results for the fourth quarter ... February 29, 2012  before the opening of the financial ... NxStage will also host a conference call at ...
... (OTC BB: IVOB), a medical device company focused on ... that the National Health Surveillance Agency (ANVISA) in Brazil ... a Class II device. This approval allows the INVOcell ... Brazil and marks a major milestone in the history ...
Cached Medicine Technology:NxStage® to Report Fourth Quarter and Full Year 2011 Financial Results 2INVO Bioscience Announces Approval of INVOcell by Brazil's ANVISA 2INVO Bioscience Announces Approval of INVOcell by Brazil's ANVISA 3
For the qualitative detection of cardiac troponin I (cTnl) in human whole blood and serum specimens...
For the qualitative detection of cardiac troponin I (cTnl) in human whole blood and serum specimens...
For the qualitative detection of antibodies to Treponema pallidum in human serum, plasma and whole blood specimens...
For the qualitative detection of antibodies to HIV-1 and HIV-2 in human serum, plasma and whole blood specimens...
Medicine Products: