Hostess Brands shares are trading higher after J.M. Smucker announced it will acquire the company.
Portfolio Pulse from Benzinga Newsdesk
J.M. Smucker has announced its plans to acquire Hostess Brands, leading to a rise in Hostess Brands' shares.

September 11, 2023 | 12:20 pm
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Hostess Brands' shares are trading higher following the announcement of its acquisition by J.M. Smucker.
Acquisition announcements typically lead to a rise in the stock price of the company being acquired, as it often indicates a vote of confidence in the company's value. In this case, the announcement by J.M. Smucker to acquire Hostess Brands has led to a surge in Hostess Brands' shares.
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RELEVANCE 100