Hostess Brands (TWNK) to Be Acquired by the J.M. Smucker Co. (SJM) for Approximately $5.6 Billion
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Hostess Brands to Be Acquired by the J.M. Smucker Co. for Approximately $5.6 Billion
September 11, 2023 8:00 AM EDTLENEXA, Kan.--(BUSINESS WIRE)-- Hostess Brands, Inc. (Nasdaq: TWNK) (the Company or Hostess Brands), announced today that it has entered into a definitive agreement with The J.M. Smucker Co. (NYSE: SJM) to acquire all of the outstanding shares of Hostess Brands in a cash and stock transaction valued at $34.25 per Hostess Brands share, representing a transaction value of approximately $5.6 billion, including the assumption of debt. Under the terms of the agreement, Hostess Brands shareholders will receive $30.00 in cash and 0.03002 shares of The J.M. Smucker Co. common... More
