Jam and jelly maker J.M. Smucker Co. agreed to buy Folgers, the No. 1 U.S. ground-coffee brand, from Procter & Gamble for $3.3 billion, including debt. (Bloomberg) The all-stock deal will roughly double the size of Smucker. (AP in BusinessWeek.com)
The Bottom Line
June 4, 2008
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