Smucker to Acquire Folgers in 2.95 Billion Stock Deal
J M Smucker agrees to buy Folgers from Procter & Gamble in a 2.95 billion all stock transaction. The deal nearly doubles Smucker’s size and adds Folgers to a portfolio that includes Jams and Jellies. P&G shareholders will own about 53.5 percent of Smucker after the merger.
MENTIONED IN THIS ARTICLE
Cleveland
J.M. Smucker
Procter & Gamble
Smucker
Folgers
P&g
Jis Peanut Butter
Crisco
Tim Smucker
J.M. Smucker Co
Orrville
LCCC allocates 150000 to three start ups
The Lorain County Community College Foundation Innovation Fund will invest 150000 in three technology startups. Sensor Development Corp receives 100000 for a gas detection system for mold toxins, Endotronix gets 25000 for implantable wireless sensors, and Radiocard Genetics receives 25000 to develop soybean and algae based infant nutrition products. First Place Bank contributed 110000 to the program.
MENTIONED IN THIS ARTICLE
Elyria
Lorain County Community College Foundation Innovation Fund
Sensor Development Corp
Endotronix
Cleveland
Fairlawn-based
Radiocard Genetics
First Place Bank
Tracy Green
Advancement
Lccc Foundation
Lorain County
LCCC
Green
Nordson Gains Controlling Stake in Korean Partner
Nordson Corp now holds a controlling stake in Nordson Sang San Ltd in South Korea and will rebrand it Nordson Korea. Nordson notes nearly two decades of partnership and strong regional growth, with local technical support as a strategic advantage. The Westlake based firm employs over 4,100 staff and operates in 33 countries making precision dispensing equipment.
MENTIONED IN THIS ARTICLE
Westlake
Nordson Corp
Nordson
Nordson Sang San Ltd
Nordson Korea
Korea
Gregory Merk
Air carriers cut back as U S. flight options shrink
With oil prices fueling financial strain, United Airlines plans to retire 70 jets and cut domestic capacity 17 to 18 percent in 2008 09, shutting its Ted discount unit and cutting 1100 jobs. American and Delta also trim flights, hitting smaller regional airports and leisure routes to Las Vegas Orlando and Honolulu.
MENTIONED IN THIS ARTICLE
Chicago
Las Vegas
Orlando
United Airlines
Ted
AMR Corp
American Airlines
U.S
United
American
Delta Air Lines Inc
Tom Parsons
Honolulu
Delta
Fla
Renters gain as housing slump swells rental supply
A housing downturn floods Florida Las Vegas and Southern California with vacant for sale and foreclosed homes pushing up apartment vacancies. Investors rent out properties boosting the shadow market and pressuring rents down while incentives rise.
MENTIONED IN THIS ARTICLE
New York
Florida
Las Vegas
California
Hessam Nadji
Marcus & Millichap Real Estate Investment Services
Associated Press
Nadji
Jacksonville
Orlando
Ft. Lauderdale
Ron Sheffield
Esslinger-Wooten- Maxwell Realtors Inc
Miami
Sheffield
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The
Repureeion Aakenced
the Chronicle-Telegram
Bob Hope Airport
Burbank
Calif
the Market IN Review
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Intel
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