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Procter and Gamble
Old 10-15-2008, 03:27 PM   #1
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Procter and Gamble

Just got a call from my finance guy about P&G. He said they were going to spin off the Folgers Div. Once that is done, Folgers will be under the Smuckers name.

P&G is offering $1.14 for every $1.00 owned by its stockholders to sell their shares in P&G and have it rolled over to Folgers which will end up being Smuckers.

I asked why this was happening. He said he believed P&G wanted a cash infusion. It's an all or none exchange. I don't think I want to do this. Does anyone have any thoughts?
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Old 10-15-2008, 04:40 PM   #2
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Originally Posted by bbbamI View Post
Just got a call from my finance guy about P&G. He said they were going to spin off the Folgers Div. Once that is done, Folgers will be under the Smuckers name.

P&G is offering $1.14 for every $1.00 owned by its stockholders to sell their shares in P&G and have it rolled over to Folgers which will end up being Smuckers.

I asked why this was happening. He said he believed P&G wanted a cash infusion. It's an all or none exchange. I don't think I want to do this. Does anyone have any thoughts?
Yep - ? - scratching my head also - I own a bunch of Smuckers. I'd like to see an explanation from that side of the deal.

heh heh heh - I've had SJM so long I forgot why I own it. .
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Old 10-15-2008, 05:12 PM   #3
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Procter & Gamble Plans to Sell Folgers to Smuckers: Win-Win? - Seeking Alpha

This link has the details, which I don't have the attention span to make sense of. After you sort it out, could you post how you might make some money arbitraging the deal?
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Old 10-15-2008, 05:17 PM   #4
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risk...I posted a link to the story, saw yours and deleted mine.

I sent the link to my finance guy about being able to sell some shares. I asked him if that had changed.

The plot thickens...if/when I figure this out, I'll let you know!
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Old 10-15-2008, 05:34 PM   #5
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SJM cats(aka me) get $5 a share and Folger's to make 'profitable' after blessing P&G with 350 mil?

heh heh heh - I think I understand the $5 part. .
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Old 10-15-2008, 06:21 PM   #6
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Sounds like someone should buy someone else's lunch.
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