Home Top Stories J.M. Smucker agrees to buy Twinkie maker Hostess for $5.6 billion

J.M. Smucker agrees to buy Twinkie maker Hostess for $5.6 billion

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J.M. Smucker will acquire Twinkie maker Hostess Brands for $5.6 billion, the companies announced Monday.

The deal values Hostess at $34.25 per share, which the company said represented a 54 percent premium over its stock price before to news reports of a potential deal. Hostess shareholders will get $30 in cash and 0.03002 shares of J.M. Smucker stock for each share of Hostess stock.

With this acquisition, Smucker enhances its “ability to deliver brands consumers love,” J.M. Smucker board chair Mark Smucker said in a news release. It also combines Hostess’s “strong convenience store distribution and leading innovation pipeline” with our “strong commercial organization and consistent retail execution across channels to drive continued growth.”

Smucker is known for its signature jelly, Jif peanut butter and Carnation milk products.

This is a developing story and will be updated.



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