The J. M. Smucker Co. to Acquire Hostess Brands for $34.25/Share Implying a Total Enterprise Value of $5.6B
Portfolio Pulse from Benzinga Newsdesk
The J. M. Smucker Co. (SJM) has announced a definitive agreement to acquire Hostess Brands, Inc. (TWNK) for $34.25 per share, implying a total enterprise value of $5.6 billion. The acquisition includes approximately $900 million of net debt and is expected to expand Smucker's brand offerings and accelerate its focus on convenient consumer occasions.
September 11, 2023 | 12:02 pm
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POSITIVE IMPACT
The acquisition of Hostess Brands could expand Smucker's brand offerings and accelerate its focus on convenient consumer occasions.
The acquisition of Hostess Brands by Smucker's is a significant move that could expand its brand offerings and accelerate its focus on convenient consumer occasions. This could potentially increase its market share and revenues in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hostess Brands is being acquired by The J. M. Smucker Co. for $34.25 per share, implying a total enterprise value of $5.6 billion.
The acquisition of Hostess Brands by The J. M. Smucker Co. is a significant event for the company. The acquisition price of $34.25 per share represents a substantial premium, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100