J. M. Smucker (SJM) to Acquire Hostess Brands (TWNK) for $5.6B
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The J. M. Smucker Co. to Acquire Hostess Brands to Accelerate Focus on Convenient Consumer Occasions
September 11, 2023 8:00 AM EDTExpands the Company's family of beloved brands in attractive categories with the addition of iconic snacking brands. Furthers the Company's ability to delight consumers with convenient food options across more snacking and meal occasions. Enhances the Company's net sales growth, operating margin and earnings growth.Expected to be accretive to adjusted earnings per share in the first fiscal year. The Company will discuss the transaction during a conference call today at 9:00 a.m. Eastern Time.... More
