J M SMUCKER Co acquired International Multifoods Corporation for approximately 8 million Smucker common shares issued plus cash and assumed debt (merger consideration), a transaction completed in June 2004, structured as combination (cash and stock). The deal was a Merger.
International Multifoods Corporation operates in Branded baking mixes and consumer/foodservice foods, is based in Minnetonka, Minnesota, USA. International Multifoods Corporation, a Minnetonka, Minnesota-based company, owned leading branded baking and consumer-foods products (including Pillsbury-licensed baking mixes and frosting, Hungry Jack, and Martha White brands), combined with Smucker via merger of Multifoods into MIX Acquisition Corporation, a Smucker subsidiary.
Portfolio of leading branded baking and consumer-foods brands extending Smucker's center-of-store presence. Integrated into Smucker's consumer and foodservice businesses
We are very pleased with the vote of confidence from our shareholders and look forward to completion of this transaction.Tim Smucker, Chairman and Co-Chief Executive Officer, The J.M. Smucker Company
Advisory firms were not disclosed for this transaction.