BRIEF-The J.M. Smucker Co. Announces Agreement To Divest Certain Value Brands In Continued Portfolio Optimization Of Sweet Baked Snacks Segment

J M Smucker Co SJM.N:

• THE J.M. SMUCKER CO. ANNOUNCES AGREEMENT TO DIVEST CERTAIN VALUE BRANDS IN CONTINUED PORTFOLIO OPTIMIZATION OF SWEET BAKED SNACKS SEGMENT

• J M SMUCKER CO: ALL-CASH TRANSACTION IS VALUED AT APPROXIMATELY $40 MILLION

• J M SMUCKER CO - TRANSACTION VALUED AT APPROXIMATELY $40 MILLION

• J M SMUCKER CO - DIVESTITURE EXPECTED TO BE IMMATERIAL TO ADJUSTED EPS

• J M SMUCKER CO - APPROXIMATELY 400 EMPLOYEES TO TRANSITION WITH BUSINESS

• J M SMUCKER CO: TO DIVEST ITS CLOVERHILL AND BIG TEXAS BRANDS, AS WELL AS CERTAIN PRIVATE LABEL PRODUCTS, TO JTM FOODS

Source text: ID:nPnCCPh4a

Further company coverage: SJM.N