Shares Of Hostess Brands Up 4.5% Premarket After The Wall Street Journal Reported Sunday J.M. Smucker Was Near ~$5B Deal To Acquire The Twinkies Maker
Portfolio Pulse from Charles Gross
Shares of Hostess Brands (TWNK) rose 4.5% in premarket trading following a report by The Wall Street Journal that J.M. Smucker (SJM) is close to a deal to acquire the Twinkies maker for approximately $5 billion.
September 11, 2023 | 8:53 am
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NEUTRAL IMPACT
J.M. Smucker is reportedly close to a deal to acquire Hostess Brands for approximately $5 billion.
While acquisition news can lead to a rise in the stock price of the company being acquired, the impact on the acquiring company's stock price can be more uncertain. In this case, it's unclear how the potential acquisition will affect J.M. Smucker's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Hostess Brands' stock price rose 4.5% premarket due to news of a potential acquisition by J.M. Smucker.
Acquisition news typically leads to a rise in the stock price of the company being acquired. In this case, the news of a potential acquisition by J.M. Smucker has led to a premarket rise in Hostess Brands' stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100