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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?
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?