J. M. Smucker Reports Secondary Common Stock Offering

(RTTNews) - J. M. Smucker Co. (SJM) announced that Blue Holdings I, L.P. or the "Selling Shareholder" plans to offer for sale in an underwritten secondary offering of about 8.28 million shares of the Company's common stock.

The company originally issued to the Selling Shareholder 17.06 million shares of common stock on March 23, 2015 in connection with the Company's acquisition of Big Heart Pet Brands, of which 12.14 million shares were held by the Selling Shareholder immediately prior to the offering. The shares to be sold by the Selling Shareholder represent 100% of the ownership interests attributable to affiliates of Kohlberg Kravis Roberts & Co. L.P.

The company stated that it is not selling any shares and will not receive any proceeds from the proposed offering.