Why Twinkies Owner Hostess Brands Shares Are Jumping Today
Portfolio Pulse from Shivani Kumaresan
J.M. Smucker Co (SJM) is reportedly close to acquiring Hostess Brands (TWNK) for approximately $4 billion. Hostess, which has been expanding its product range and reported a revenue of $1.358 billion in 2022, returned to public markets in 2016. SJM, which has been expanding its portfolio through acquisitions, reported a 21% increase in net sales and a 69% increase in operating income.
September 11, 2023 | 10:56 am
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POSITIVE IMPACT
J.M. Smucker Co is set to acquire Hostess Brands, which could potentially strengthen its portfolio and boost its revenue.
The acquisition of Hostess Brands could potentially strengthen SJM's portfolio and increase its revenue, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Hostess Brands is being acquired by J.M. Smucker Co, which could provide a significant cash influx for the company.
The acquisition by J.M. Smucker Co could provide a significant cash influx for Hostess Brands, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90