J.M. Smucker to buy Twinkie maker Hostess for $5.6 billion

[mahatmakanejeeves]

J.M. Smucker to buy Twinkie maker Hostess for $5.6 billion

The cash and stock deal joining two prominent food brands values Hostess at $34.25 per share.

By Aaron Gregg
September 11, 2023 at 9:07 a.m. EDT



Hostess Brands Twinkies and Cupcakes are displayed in a store in New York City in this 2016 image. REUTERS/Brendan McDermid (Brendan McDermid/Reuters)

J.M. Smucker will acquire Twinkie maker Hostess Brands for $5.6 billion, the companies announced Monday.

The deal values Hostess at $34.25 per share, which the company said represented a 54 percent premium over its stock price before to news reports of a potential deal. Hostess shareholders will get $30 in cash and 0.03002 shares of J.M. Smucker stock for each share of Hostess stock.

With this acquisition, Smucker enhances its “ability to deliver brands consumers love,” J.M. Smucker board chair Mark Smucker said in a news release. It also combines Hostess’s “strong convenience store distribution and leading innovation pipeline” with our “strong commercial organization and consistent retail execution across channels to drive continued growth.”

Smucker is known for its signature jelly, Jif peanut butter and Carnation milk products.

This is a developing story and will be updated.

By Aaron Gregg
Aaron Gregg is a business reporter for the Washington Post. Twitter https://twitter.com/Post_AG

[bucolic_frolic]

1. It's a sugar high

We're gonna be carbed to death

[doc03]

2. Didn't know Smucker's was that rich, I thought they made everything on a small

farm in Orville Ohio.

[Botany]

3. l'll skip the hostess crap but I do like some of smuckers products

[woodsprite]

5. My absolute favorite is Black Raspberry! nt

[usonian]

4. Smuckers jelly products I saw were full of high-fructose corn syrup except for a few niche items.

Last edited Mon Sep 11, 2023, 11:57 AM - Edit history (1)

Note: the items without the HFCS have Splenda, and I am backing off sucralose (Splenda) and aspartame on general suspicion, though aspartame may have issues. I am always on the lookout for allergens. (work in progress)
https://www.fda.gov/consumers/consumer-updates/how-sweet-it-all-about-sweeteners

Simplest ingredients in Seedless raspberry jam (my favorite!) are in d'arbo, Mrs. Miller's Amish, Stonewall Kitchen, Grandma's Jam House, Tiptree. ... these are not promotions! just a web search result)

I first ran into seedless raspberry jam at one of the TJX/Marshalls stores, under the Kozlowski Farms label. Hard to find (except for the ultra-hot ones on Amazon) Looks to still exist, and I might have to visit!

5566 Gravenstein Hwy N in Forestville, California 95436
I'll report what I find.

---

For those unfamiliar with capitalism, most companies don't make goods so much as buy others that do.

Take a look at Microsoft's acquisitions (include powerpoint, hotmail, visio, github, Nokia, LinkedIn and so on )
https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Microsoft

Not to mention the anti-competitive acquisitions by Facebook and Google et. al.

A very long slumber by the anti-trust division (every year of GOP administrations ... )

A great deal of the economy is built on M&A and stock buybacks.