Have Some Smuckers with your Folgers
June 12th, 2008 at 02:12pm Under General
Smuckers is buying Folgers from Proctor and Gamble. For 3.3 Billion dollars. And somehow they are doing it tax-free.
I didn’t bother to read the whole confusing story. But if you are into these sort of major league plays - it may interest you to see how they are going to do it.
I want to buy my coffee tax free, too!
Folgers might not be your favorite, but they have good market presence and it makes me wonder why P&G would want to sell them in the first place. Maybe they need the cash.
Here’s the “scoop“.
By Dave and Dennis Add comment