Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M.
Hostess Brands Inc. shareholders will receive $30 in cash and 0.03002 shares of The J.M.
Smucker Co. stock for each share of stock that they own.
The rest, including Twinkies and other Hostess cakes, was acquired by Metropoulos & Co. and Apollo, for $410 million.
Smucker Co. and Hostess have both approved the deal, which is expected to close in Smucker's fiscal third quarter.
Persons:
Andy Callahan, Twinkies, Hostess, XX, Wonder, Leon Black, Carl’s, Chef Boyardee, Bee, Morgan Stanley's Pam Kaufman
Organizations:
Hostess Brands Inc, Associated Press, Flowers Foods, McKee Foods, Metropoulos, Apollo Global Management, Pabst Brewing Co, Hostess
Locations:
Smucker, America, , Kansas