Davis Polk advised the underwriters in connection with the $450 million secondary offering of 3,861,650 shares of The J.M. Smucker Company. The shares sold by the selling stockholder represent the remaining portion of the 17.9 million shares it had received in connection with Smucker’s acquisition of Big Heart Pet Brands in March 2015 and 100% of the ownership interests attributable to affiliates of Vestar Capital Partners, Inc. The common stock is listed on the NYSE under the symbol “SJM.”

Established in 1897 and headquartered in Orrville, Ohio, The J.M. Smucker Company is a leading marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk and health and natural foods and beverages in North America. Big Heart Pet Brands is a leading producer, distributor and marketer of premium quality, branded pet food and pet snacks in the United States.

The Davis Polk capital markets team included partner Richard A. Drucker, counsel Jeffrey S. Ramsay and associates Eric Xiyu Li and Eugene Baek. Partner Kathleen L. Ferrell and associate Lena X. Qiu provided tax advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental counsel. Members of the Davis Polk team are based in the New York and London offices.

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