secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0000091419-23-000015
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smucker to sell pet brands (Rachael Ray Nutrish, 9Lives, etc.) to Post for ~$1.2B
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- Transaction valued at ~$1.2B: $700M cash + ~5.39M shares of Post Holdings common stock.
- Brands sold: Rachael Ray Nutrish, 9Lives, Kibbles 'n Bits, Nature's Recipe, Gravy Train, plus private label pet food.
- Divested brands expected to generate ~$1.5B net sales for fiscal year ending April 30, 2023.
- Deal expected to close in Q4 FY2023, subject to regulatory approvals; dilutive to adjusted EPS by ~$0.45 full-year.
- Smucker to focus on dog snacks (Milk-Bone) and cat food (Meow Mix) in remaining pet business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141923000015/0000091419-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141923000015/sjm-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000091419-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer