Time for jelly Twinkies: Smucker buys Hostess in $5.6 billion deal
ViewMix a peanut butter and jelly with a Twinkie and what do you get? A snack worth $5.6 billion, apparently.
That's the price tag J.M. Smucker Co. paid to acquire Hostess Brands, including debt, with the former paying the latter's shareholders $34.25 per share.
The partnership aligns two legendary grocery store snack...