Smucker to buy Hostess in $5.6B deal
J.M. Smucker on Monday announced that it will buy Hostess Brands, the maker of Twinkies, Ding Dongs and other snacks, as part of a $5.6 billion deal.
Source: actionnewsjax.com
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Smucker to buy Hostess in $5.6B deal
J.M. Smucker on Monday announced that it will buy Hostess Brands, the maker of Twinkies, Ding Dongs and other snacks, as part of a $5.6 billion deal.
Source: wdbo.com
Hostess surges 19% after the Twinkie maker agrees to $5.6 billion takeover by JM Smucker
Shares of the classic jelly company crashed as much as 8% while Hostess stock rallied by more than double that on Monday.
Source: yahoo.com
U.S. food companies go deal hunting as pandemic growth fades
U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao's sauce maker Sovos Brands. Unilever bought premium frozen yogurt brand Yasso in North America, while Snickers maker Mars acquired healthy foods maker Kevin's Natural Foods.
Source: yahoo.com
6 Beaten-Down Food Stocks to Buy Now
Kraft Heinz, Kellogg, General Mills, and other leading snack makers could serve up gains of 20% or more. Their healthy dividends are a plus.
Source: marketwatch.com