Sunday, November 02, 2008

J. M. Smucker Co. To Be Added To S&P 500 Index

Last week, Standard & Poor's announced it would be adding J.M. Smucker Co. (SJM) to the S&P 500 Index after the close of trading on Wednesday November 5, 2008. SJM is acquiring the Folgers coffee business from Procter & Gamble (PG) effective midnight Novemebr 5, 2008. Smuckers will replace Terex (TEX) in the Index.

(click chart for larger image)

J. M. Smucker stock chart October 31, 2008
Source: Standard & Poor's (PDF)

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