Hostess is Being Acquired by JM Smucker in a Deal Valued at $5.6B After Coming Back from the Brink
September 13, 2023 | 1 min to read
Hostess, known for Twinkies and HoHos, is being acquired by J.M. Smucker for approximately $5.6 billion in a combination of cash and stock. Smucker will pay $34.25 per share, while also assuming around $900 million in net debt. Shareholders of Hostess Brands Inc. will receive $30 in cash along with 0.03002 shares of J.M. Smucker stock for each share they hold.
Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M. Smucker in a cash-and-stock deal worth about $5.6 billion.
Smucker, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick up approximately $900 million in net debt.
Hostess Brands Inc. shareholders will receive $30 in cash and 0.03002 shares of The J.M. Smucker Co. stock for each share of stock that they own.
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