New York CNN —Hostess, the maker of Twinkies and Ho Hos, is being purchased by J.M.
Hostess stockholders will get $30 in cash along with .03002 shares of Smucker’s stock for each Hostess share they own, with the deal expected to close in 2024.
Hostess was founded in 1919 and started making Twinkies in 1930.
It filed for bankruptcy in January 2012, and stopped making its products, including Twinkies, in November of that year during a strike by Bakery Workers union.
The firms of Apollo Global Management and C. Dean Metropoulos & Co. returned Twinkies to store shelves in July 2013 after acquiring the asset from Hostess.
Persons:
“, Andy Callahan, Ding Dongs, Smucker, Dean Metropoulos
Organizations:
New, New York CNN, J.M, ”, Bakery Workers, Apollo Global Management, Co, Hostess
Locations:
New York, Ho