J.M. Smucker to acquire sweet snacks company Hostess Brands for $5.6bn
The J.M. Smucker Co. (NYSE: SJM) announced the signing of a definitive agreement to acquire Hostess Brands, Inc. (NASDAQ: TWNK) for a total enterprise value of approximately $5.6 billion, which includes around $900 million of net debt. The deal is set at $34.25 per share in a cash and stock transaction. Based on estimated full-year […]