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J M Smucker to buy Milk-Bone owner Big Heart Pet Brands

2015-02-04 00:10:45| Food - Topix.net

J M Smucker Co , the maker of Folgers coffee, said it would buy pet food maker Big Heart Pet Brands, known for brands such as Meow Mix and Milk-Bone, for $3.2 billion to enter the pet food market. Smucker said it would offer about 17.9 million shares to Big Heart's shareholders and pay $1.3 billion in cash.

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