{"id":10270,"date":"2023-09-11T20:25:16","date_gmt":"2023-09-11T20:25:16","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/hostess-brands-stock-soars-as-smucker-agrees-to-buy-twinkies-maker\/"},"modified":"2023-09-11T20:25:17","modified_gmt":"2023-09-11T20:25:17","slug":"hostess-brands-stock-soars-as-smucker-agrees-to-buy-twinkies-maker","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=10270","title":{"rendered":"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker"},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

Shares of
\n Hostess Brands
\n jumped on Monday after it was announced that J.M. Smucker Co. will be acquiring the maker of Twinkies.<\/p>\n

\n Smucker
\n (ticker: SJM), the food company famous for jams and jellies, reached an agreement to buy Hostess (TWNK) for about $5.6 billion, or $34.25 a share. That represents an approximate 54% premium to the stock\u2019s closing price on Aug. 24, which was the last trading day before reports broke about the possibility of a deal.<\/p>\n

\n

Stockholders will receive $30 in cash and 0.03002 shares of Smucker common stock for each share of Hostess common stock they own.<\/p>\n

\u201cWe believe this is the right partnership to accelerate growth and create meaningful value for consumers, customers and shareholders,\u201d Andy Callahan, chief executive of Hostess, said in the news release.<\/p>\n

Smucker beat out competition against
\n General Mills
\n (GIS), the maker of Cheerios, to buy out Hostess (TWNK) for, The Wall Street Journal reported over the weekend.<\/p>\n

Hostess surged 17% in premarket trading Monday to $32.85. Smucker shares dropped 9.3% to $128.44.<\/p>\n

This deal could mark a dramatic recovery for Hostess, which has been through two Chapter 11 bankruptcies. The company returned to the stock market in 2016 after going private. Sales stopped $1.3 billion in 2022 and the stock price has more than doubled in the past five years.<\/p>\n

Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Hostess Brands jumped on Monday after it was announced that J.M. Smucker Co. will be acquiring the maker of Twinkies. Smucker (ticker: SJM), the food company famous for jams and jellies, reached an agreement to buy Hostess (TWNK) for about $5.6 billion, or $34.25 a share. That represents an approximate 54% premium to […]<\/p>\n","protected":false},"author":1,"featured_media":10271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-10270","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nHostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker | Prosfunds<\/title>\n<meta name=\"description\" content=\"Shares of Hostess Brands jumped on Monday after it was announced that J.M. Smucker Co. will be acquiring the maker of Twinkies. Smucker (ticker: SJM), the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=10270\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"Shares of Hostess Brands jumped on Monday after it was announced that J.M. Smucker Co. will be acquiring the maker of Twinkies. Smucker (ticker: SJM), the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=10270\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-11T20:25:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-11T20:25:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/1694463917_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=10270#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=10270\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker\",\"datePublished\":\"2023-09-11T20:25:16+00:00\",\"dateModified\":\"2023-09-11T20:25:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=10270\"},\"wordCount\":231,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=10270#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=10270\",\"url\":\"https:\/\/prosfunds.com\/?p=10270\",\"name\":\"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-09-11T20:25:16+00:00\",\"dateModified\":\"2023-09-11T20:25:17+00:00\",\"description\":\"Shares of Hostess Brands jumped on Monday after it was announced that J.M. Smucker Co. will be acquiring the maker of Twinkies. Smucker (ticker: SJM), the\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=10270#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=10270\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=10270#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker | Prosfunds","description":"Shares of Hostess Brands jumped on Monday after it was announced that J.M. Smucker Co. will be acquiring the maker of Twinkies. Smucker (ticker: SJM), the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=10270","og_locale":"en_US","og_type":"article","og_title":"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker | Prosfunds","og_description":"Shares of Hostess Brands jumped on Monday after it was announced that J.M. Smucker Co. will be acquiring the maker of Twinkies. Smucker (ticker: SJM), the","og_url":"https:\/\/prosfunds.com\/?p=10270","og_site_name":"Prosfunds","article_published_time":"2023-09-11T20:25:16+00:00","article_modified_time":"2023-09-11T20:25:17+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/1694463917_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=10270#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=10270"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker","datePublished":"2023-09-11T20:25:16+00:00","dateModified":"2023-09-11T20:25:17+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=10270"},"wordCount":231,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=10270#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=10270","url":"https:\/\/prosfunds.com\/?p=10270","name":"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-09-11T20:25:16+00:00","dateModified":"2023-09-11T20:25:17+00:00","description":"Shares of Hostess Brands jumped on Monday after it was announced that J.M. Smucker Co. will be acquiring the maker of Twinkies. Smucker (ticker: SJM), the","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=10270#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=10270"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=10270#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"Hostess Brands Stock Soars as Smucker Agrees to Buy Twinkies Maker"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/10270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10270"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/10270\/revisions"}],"predecessor-version":[{"id":10272,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/10270\/revisions\/10272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/10271"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}