J.M. Smucker (SJM) is nearing a deal to buy Hostess Brands (TWNK), likely worth “something in the neighborhood of $4B,” and a deal could be announced as soon as Monday, people familiar with the matter tell The Wall Street Journal, Lauren Thomas and Jesse Newman report. General Mills (GIS) also competed to buy Hostess, according to the report.
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Read More on SJM:
- J.M. Smucker (NYSE:SJM) Acquires Twinkies-Owner Hostess Brands in a $5.6 Billion Deal
- The J. M. Smucker Co. to Acquire Hostess Brands to Accelerate Focus on Convenient Consumer Occasions
- J.M. Smucker upgraded to Equal Weight from Underweight at Consumer Edge
- J.M. Smucker price target lowered to $150 from $160 at Stifel
- J.M. Smucker Stock (NYSE:SJM) Gained After Mixed Q2 Results, Guidance Lift
