J.M. Smucker completes acquisition of Hostess
J. M. Smucker Co. announced the successful closure of its acquisition of Hostess Brands, Inc. this week, following the signing of an agreement on Sept. 11.
Source: emporiagazette.com
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The J.M. Smucker Co. Completes the Acquisition of Hostess Brands to Advance Strategy and Expand Family of Brands in Growing Categories
/PRNewswire/ -- The J. M. Smucker Co. (NYSE: SJM) ("Company") announced today the closing of the transaction to acquire Hostess Brands, Inc. (NASDAQ: TWNK)...
Source: prnewswire.com
The J.M. Smucker Co. Completes the Acquisition of Hostess Brands to Advance Strategy and Expand Family of Brands in Growing Categories
ORRVILLE, Ohio, Nov. 7, 2023 /PRNewswire/ -- The J. M. Smucker Co. announced today the closing of the transaction to acquire Hostess Brands, Inc. . The Company previously announced the signing of...
Source: marketscreener.com
Food & Beverage Business News for September 2023
Topping food and beverage news the past month were major acquisitions by J.M. Smucker and Nestlé and plant investments by Campbell Soup and CJ Foodville.
Source: packagingdigest.com
The J. M. Smucker Co. to Acquire Hostess Brands to Accelerate Focus on Convenient Consumer Occasions
The J. M. Smucker Co. (NYSE: SJM) ("Company") announced today the signing of a definitive agreement to acquire Hostess Brands, Inc. (NASDAQ: TWNK) ("Hostess Brands") for $34.25 per share in a cash and stock transaction, representing a total enterprise value of approximately $5.6 billion, which includes approximately $900 million of net debt. This represents an adjusted EBITDA multiple of approximately 17.2x based on the Company's estimate of Hostess Brands full year 2023 results, and an approxim
Source: yahoo.com