THE J.M. Smucker Co. announced Feb. 3 that it has entered into a definitive agreement to acquire Big Heart Pet Brands in a cash and stock transaction valued at approximately $5.8 billion, which includes roughly $2.6 billion of net debt.
Big Heart Pet Brands is the largest stand-alone producer, distributor and marketer of premium-quality, branded pet food and pet snacks in the U.S., with brands such as Meow Mix, Milk-Bone and Kibbles 'n Bits. Smucke
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