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JUN 4

Smucker Brews Up Deal to Buy Folgers

Wall Street Journal, June 4, 2008 — J.M. Smucker Co. soon will be serving Folgers coffee along with its namesake jellies and Hungry Jack pancakes.

Smucker is expected this week to seal a deal to buy the Folgers coffee business from Procter & Gamble Co. in an all-stock deal, according to people familiar with the matter. Details aren't known but given Folgers's annual sales of $1.6 billion, the business could fetch a price tag of $2 billion or more.

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