J.M. Smucker will acquire Ainsworth Pet Nutrition
The acquisition was valued at US$1.7 billion after tax benefits.
The J. M. Smucker Company signed a definitive agreement to acquire Ainsworth Pet Nutrition, LLC for approximately US$1.7 billion, after an estimated tax benefit of US$200 million. The transaction, announced April 4, is expected to close early in Smucker's fiscal year beginning May 1, 2018.
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