J.M. Smucker - Bye Baking

12:54am, Tuesday, 03'rd Nov 2020
J.M. Smucker is selling the remaining baking business at non-demanding multiples to B&G Foods. While focus on core strategies is to be applauded, I am not impressed with the multiples received in this
The all-cash transaction is part of Smucker's strategy of getting out of baking supplies entirely.
ORRVILLE, Ohio, Oct. 26, 2020 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) announced today it has entered into a definitive agreement to sell its Crisco® oils and shortening business to B&G Foods

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