|Bid||0.00 x 1800|
|Ask||30.13 x 1000|
|Day's Range||27.84 - 28.32|
|52 Week Range||10.39 - 31.93|
|Beta (5Y Monthly)||0.52|
|PE Ratio (TTM)||15.69|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||1.90 (6.74%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||29.33|
The all-cash transaction is part of Smucker's strategy of getting out of baking supplies entirely.
The J.M. Smucker Co. has agreed to sell its oils and shortening business under the Crisco brand to B&G Foods Inc. for about $550 million.
B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to acquire the iconic Crisco brand of oils and shortening from The J.M. Smucker Co. for approximately $550 million in cash, subject to a post-closing inventory adjustment. As part of the acquisition, B&G Foods is also acquiring a manufacturing facility and warehouse in Cincinnati, Ohio. B&G Foods expects the acquisition to close during the fourth quarter of 2020, subject to customary closing conditions, including the receipt of regulatory approvals.