(Reuters) - J M Smucker Co (N:SJM), the maker of Folgers coffee, said it would buy privately held pet food maker Big Heart Pet Brands in a cash-and-stock deal valued at about $5.8 billion.
J M Smucker said it would offer about 17.9 million shares to Big Heart's shareholders and pay $1.3 billion in cash.
J M Smucker will also assume about $2.6 billion of net debt of Big Heart Pet Brands.