J.M. Smucker Co on Wednesday said it would acquire the Folgers coffee business from Procter & Gamble Co for stock valued at $2.95 billion plus the assumption of $350 million in debt.
The J.M. Smucker Company (NYSE: SJM) and The Procter & Gamble Company (NYSE: PG) announced on Wednesday the signing of a definitive agreement to merge the Folgers coffee business into Smucker in an all-stock transaction valued at approximately $3.3 billion, including the assumption of an estimated $350 million of Folgers debt.
Audrey G. Falk, 81, of St. Cloud, Florida, formerly of Strasburg, Illinois, died at 5:30 a.m. Friday, May 30, 2008 in her residence. Funeral services will be held at 10:00 a.m. Wednesday in Grace Lutheran Church, Strasburg.
To have an event listed, send a fax to 330-376-9235 or an e-mail to newsroomemail@thebeaconjournal .com at least a week in advance. TODAY Annie's Notebook †10 a.m., Wilderness Center, 9877 Alabama Ave. S.W., Wilmot. Program about author Annie Dillard and keeping a nature journal. The presenter is Joanne Lehman, a poet and writer. $18. Bring writing paper and a pen or pencil. Reservations:
J.M. Smucker Co. will unveil an all-stock deal to buy Cincinnati-based Procter & Gamble Co.'s Folgers coffee unit later this week, the Wall Street Journal reported late today, citing unidentified people familiar with the matter.
MOUNT VERNON †Arthur G. Davis, 68, of New Gambier Road, Mount Vernon, passed away Monday, June 2, 2008, at Riverside Methodist Hospital in Columbus. He was born May 30, 1940, in Knox County to Earl and Ruth (Slusser) Davis.
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