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10-15-2008, 02:27 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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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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There's no need to complicate, our time is short..
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10-15-2008, 03:40 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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 Quote:
Originally Posted by bbbamI
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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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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10-15-2008, 04:12 PM
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#3
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Full time employment: Posting here.
Join Date: Oct 2002
Posts: 717
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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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Random Reinforcement is Highly Addictive.
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10-15-2008, 04:17 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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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!
__________________
There's no need to complicate, our time is short..
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10-15-2008, 04:34 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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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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10-15-2008, 05:21 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Sounds like someone should buy someone else's lunch.
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