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Jelly Giant J.M. Smucker Agrees To Buy Twinkie Maker Hostess Brands For $5.6 Billion

  • Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share.
  • Hostess shareholders will receive $30 in cash and .03002 shares of Smucker’s stock for each share of Hostess that they owned.
  • Smucker has also agreed to assume Hostess’s debt. The deal is expected to close in Smucker’s fiscal third quarter, which ends in January.
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