J.M. Smucker to Buy Twinkies Maker Hostess for $4.6 Billion
Posted on AllSides September 11th, 2023
From The Center
BRENDAN MCDERMID/REUTERS
J.M. Smucker is buying Twinkies owner Hostess Brands for around $4.6 billion, bringing together two big names in snacks.
Smucker said Monday that it will acquire Hostess for $34.25 a share in cash and stock. The deal also includes about $900 million in debt, which Smucker said brings the total value to $5.6 billion.
The news confirms an earlier report from The Wall Street Journal.
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