J.M. Smucker Nears Deal To Buy Twinkies Owner Hostess Brands: Sources
J.M. Smucker is nearing a deal to buy Hostess Brands, the owner of Twinkies snack cakes, for close to $5 billion (€4.66 billion).
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J.M. Smucker is nearing a deal to buy Hostess Brands, the owner of Twinkies snack cakes, for close to $5 billion (€4.66 billion).
The maker of Twinkies is being sold to the owner of brands like Folgers, Jif and Dunkin.
Packaged food companies have seen an uptick in mergers amid fading pandemic-era fortunes and as benefits of price hikes start to taper off.
STORY: Twinkies, the iconic American snack cakes, are getting a new home. -Today at 01:40 pm- MarketScreener
J.M. Smucker (SJM) is expected to buy Hostess Brands (TWNK) in a takeover deal worth $5 billion U.S., according to multiple media reports. J.M. Smucker, which is known for making jams and Jif peanut butter, has been reportedly circling Hostess, ...