Twinkies and Jam to Mix as Smucker Buys Hostess for $5.6 Billion
In a sugary union of major snack makers, J.M. Smucker, known for its jellies, Jif peanut butter and many other brands, agreed to acquire Hostess Brands, the maker of Twinkies, Ho Hos and Ding Dongs, in a deal worth $5.6 billion. The takeover, announced on Monday, values Hostess at $34.25 per…
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