When did the Company complete the merger of The Folgers Coffee Business?
On November 6, 2008, the Company completed a merger transaction with The Folgers Coffee Company ("Folgers"), a subsidiary of The Procter & Gamble Company ("P&G").
I participated in the exchange of Procter & Gamble Company common shares of The Folgers Coffee Company, which ultimately were exchanged for common shares of The J. M. Smucker Co. When did the transaction close?
The exchange period expired at midnight on November 5, 2008, and the transaction closed on November 6, 2008.
How many Smucker common shares did I receive for each P&G common share which was accepted in the tender?
You should receive 1.6342 Smucker common shares for each P&G common share that was accepted in the tender offer. Any fractional shares will be paid out in cash.
Why didn't all the shares I tendered get exchanged?
P&G established the proration factor for the shares tendered. Odd-lot shareholders were not subject to the proration.
When did the Company acquire International Multifoods Corporation?
In June 2004, The J. M. Smucker Co. acquired International Multifoods Corporation. In this acquisition, the Company added Pillsbury® baking mixes and ready-to-spread frostings; Hungry Jack® pancake mixes and syrups; and Martha White® baking mixes and ingredients in the U.S., along with Robin Hood® flour and baking mixes and Bick's® pickles and condiments in Canada.
