On October 8, 2008, The Procter & Gamble Company ("P&G"), an Ohio corporation, issued a news release announcing the commencement of its exchange offer related to the separation of P&G's coffee business. The separation is being effected in connection with the merger of The Folgers Coffee Company ("Folgers"), a wholly owned subsidiary of P&G, and Moon Merger Sub, Inc. ("Merger Sub"), a wholly owned subsidiary of The J. M. Smucker Company ("Smucker"). As previously announced, P&G entered into a definitive agreement on June 4, 2008, pursuant to which Merger Sub will merge with and into Folgers, with Folgers surviving as a wholly owned subsidiary of Smucker. A copy of the news release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

The transactions are subject to customary closing conditions, including Smucker shareholder approval.

(d) The following exhibit is being furnished with this Current Report on Form 8-K.

Exhibit
Number    Description
99.1      News Release by The Procter & Gamble Company dated October 8, 2008.