Hostess Brands In Talks to Be Acquired by J.M. Smucker for $4 Billion

Hostess Brands, maker of Twinkies, is in talks to be acquired by J.M. Smucker for around $5 billion.
The deal excludes Hostess' $900 million in net debt.
Hostess shares jumped 7% in premarket trading on news of the potential deal.
Hostess has seen its valuation rise amid takeover interest from major food makers.
The deal is the latest in a string of mergers in the packaged foods industry.

reuters.com

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8/25/2023

Exclusive: Twinkies maker Hostess Brands explores sale amid takeover interest -sources

Hostess Brands, the maker of Twinkies, is considering a sale after receiving interest from major snack food companies, including General Mills, Mondelez International, PepsiCo, and Hershey.