Hostess Brands Inc
- J.M. Smucker, the maker of peanut butter, jelly, coffee and pet foods, said it agreed to acquire Twinkies maker Hostess Brands for $34.25 a share in stock and cash.
The offer valued Hostess Brands for $5.6 billion including debt and the purchase is expected to close by the end of January 2024.
J.M. Smucker Co declined 6.8% to $132.0 and Hostess Brands Inc soared 19.1% to $33.47.
Sep 11, 2023
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