J.M. Smucker Acquires Hostess Brands, Including Twinkies, for $5.6 Billion
TL;DR Summary
Jelly-maker J.M. Smucker is acquiring Hostess Brands, the maker of iconic snacks like Twinkies and Ding Dongs, for $5.6 billion. Hostess, which has faced bankruptcy twice in the past two decades, saw its stock price rise as demand for snacks increased. J.M. Smucker beat out competitors like PepsiCo and General Mills to secure the deal, citing Hostess' strong convenience store distribution and innovation pipeline as key factors in the acquisition.
- Twinkies are sold! J.M. Smucker scoops up Hostess Brands for $5.6 billion NPR
- Smucker agrees to buy Twinkies maker Hostess Brands for $5.6 billion CNBC
- Jelly Maker Smucker's Buys Twinkies Maker Hostess Brands Bloomberg Television
- J.M. Smucker to Buy Twinkies Maker Hostess for $4.6 Billion The Wall Street Journal
- Hostess stock soars on acquisition from J.M. Smucker Yahoo Finance
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