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Smucker Adds Coffee to Its Breakfast Lineup -- And Does It Tax Free

It looks like a simple corporate transaction negotiated around a kitchen table. J.M. Smucker, the jelly and jam outfit, is buying the Folgers coffee business from Procter & Gamble, creating a breakfast food combo. What could be more down-home? But when you look at the $3.3 billion transaction...
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By Allan Sloan