P&G sale to Smuckers
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P&G sale to Smuckers Can anyone direct me to the vital statistics on the sale P&G made to Smuckers of their interests in JIF and Crisco? We ended up with 1+ shares of Smuckers, and the same number of P&G shares. Was this a spinoff? I need the figures and can't seem to find anything on either company's site. Anyone have records you would be willing to share on this transaction? Thanks! Carol Clemens Carol, The reason you can't find much on this transaction is that it happened in 2002. Yes it was a spinoff. Like you, I can find no documentation as to what the remaining basis percentage was. bivio will compute that for you, though. The transaction called for P&G stockholders to receive 1 share of Smuckers for every 50 shares of P&G held. Rip |
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