J M SMUCKER Co acquires Jif and Crisco (The Procter & Gamble Company)
Snapshot
J M SMUCKER Co acquired Jif and Crisco (The Procter & Gamble Company) for all-stock Reverse Morris Trust (Smucker shares issued; ~0.9451 new Smucker share per existing Smucker share) in June 2002. The transaction was structured as all stock (Reverse Morris Trust). Jif and Crisco (The Procter & Gamble Company) is a United States (Cincinnati, Ohio / Orrville, Ohio)-based Peanut butter and shortening / oils business.
- Acquirer
- J M SMUCKER Co
- Target
- Jif and Crisco (The Procter & Gamble Company)
- Value
- all-stock Reverse Morris Trust (Smucker shares issued; ~0.9451 new Smucker share per existing Smucker share)
- Date
- June 2002
- Type
- merger
- Status
- ready
The deal at a glance
About this deal
J M SMUCKER Co acquired Jif and Crisco (The Procter & Gamble Company) for all-stock Reverse Morris Trust (Smucker shares issued; ~0.9451 new Smucker share per existing Smucker share), a transaction completed in June 2002, structured as all stock (Reverse Morris Trust). The deal was a merger.
Jif and Crisco (The Procter & Gamble Company) operates in Peanut butter and shortening / oils, is based in United States (Cincinnati, Ohio / Orrville, Ohio). The Jif peanut butter and Crisco shortening and oils businesses of The Procter & Gamble Company, spun off from P&G and merged into Smucker in an all-stock transaction, adding two iconic center-of-store brands.
Two iconic, market-leading center-of-store brands (Jif, Crisco) acquired tax-efficiently, transforming Smucker's scale. Integrated into Smucker's consumer business
No advisory firms have been disclosed for this transaction.