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.

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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