Smucker to Acquire Hostess Brands for $5.6 Billion
- J.M. Smucker agrees to buy Hostess Brands for $5.6 billion
- Hostess shareholders will receive $30 per share in cash and Smucker stock
- Deal includes assumption of $900 million in Hostess debt
- Expected to close in Smucker's fiscal Q3 ending January
- Latest in a series of big food mergers and acquisitions