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Stock Market & Financial Investment News

News Breaks
August 6, 2014
17:01 EDTSJMJ.M. Smucker acquires Sahale Snacks
The J. M. Smucker Company announced the signing of a definitive agreement to acquire Sahale Snacks. Sahale is a leading manufacturer and marketer of premium, branded nut and fruit snacks, which are primarily sold in the U.S. under the Sahale Snacks brand. Sahale's net sales are projected to be approximately $50M for FY14, primarily in the club, convenience, and grocery retail channels. The acquisition includes a leased facility in Seattle, Washington, and will add approximately 150 employees to the company. The transaction, which is expected to close by the middle of September, is not anticipated to have a material impact on the company's FY15 financial results.
News For SJM From The Last 14 Days
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October 17, 2014
17:16 EDTSJMJ.M. Smucker authorizes 5M additional share repurchases
The Board increased the company's share repurchase authorization by 5M common shares. Therefore, the company has a total of approximately 10M common shares available for repurchase under its Board authorizations. Future share repurchases will occur at management's discretion, and there is no guarantee as to the exact number of shares that will be repurchased.

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