- When did the transaction close?
The exchange period expired at midnight on November 5, 2008, and the transaction closed on November 6, 2008.
- When can I expect to receive my Smucker shares?
If you are a street-name shareholder (shares held in the name of a brokerage, bank, trust, or other nominee as custodian), please contact your broker.
If you are a registered shareholder, shareholder packets including a Direct Registration Advice reflecting shares of Smucker common stock that you received as a result of the exchange will be mailed by our transfer agent, Computershare Investor Services, in early December 2008. Rather than issue physical certificates, your Smucker shares will be issued in “book entry” form through the Direct Registration System. This allows for ease of sale or transfer to a broker, and eliminates the risk of misplacing a stock certificate.
For any questions regarding your Smucker common shares or shareholder account, please contact Computershare at (800) 456-1169 (in the U.S. , Canada , and Puerto Rico) or (312) 360-5254 (outside the U.S., Canada, and Puerto Rico).
- How many Smucker common shares should I receive for each P&G common share which was accepted in the tender?
You should receive 1.6342 Smucker common shares for each P&G common share that was accepted in the tender offer. Any fraction shares will be paid out in cash.
- Why didn't all the shares I tendered get exchanged?
P&G established the proration factor for the shares tendered. Odd-lot shareholders were not subject to the proration.
- Why did I receive a check for a portion of my Smucker common shares and a Form 1099-B?
The calculation of P&G common shares exchanged for Folgers common shares resulted in you receiving some fraction of a Folgers common share. As no fractional Smucker common shares were issued in exchange for Folgers common shares, you are entitled to an amount of cash equal to the pro rata portion of the net proceeds of the sale of the fractional shares in the open market after completion of the merger.
The distribution of Smucker common shares to P&G shareholders is intended to be tax-free to P&G shareholders for U.S. federal income tax purposes, except for the cash payment you received for any fractional share. Please retain the Form 1099-B for 2008 U.S. federal income taxes. You may wish to contact your tax advisor for additional information.
- How was the value of the fractional shares determined?
The value of the fractional shares was determined based on the pro rata portion of the net proceeds of the sale of fractional shares in the open market after completion of the merger.
- When will I receive my first Smucker dividend?
Shareholders of record as of November 19, 2008, including shares issued in the Folgers transaction, are entitled to a dividend of $0.32 per share payable on December 8, 2008.
- Can I reinvest my Smucker dividends?
Computershare Trust Company, Inc. is the sponsor and administrator of Computershare Investment Plan through which you may reinvest your Smucker dividend payments as well as buy and sell shares.
- Who should I contact with questions regarding my Smucker shares?
For any questions regarding your Smucker shareholder account, please contact Computershare at (800) 456-1169 (in the U.S., Canada, and Puerto Rico) or (312) 360-5254 (outside the U.S., Canada, and Puerto Rico).
- Who should I contact with questions regarding my P&G shares?
For questions regarding your P&G shareholder account, please contact P&G Shareholder Services at (800) 742-6253.
