16
Sep
Sep
Reading Time: 2 minutesThe J. M. Smucker Co. SJM announced plans to acquire Hostess Brands TWNK for $34.25 per share, implying a total enterprise value of $5.6 billion.Hostess, founded in 1930, has been through two Chapter 11 bankruptcies. The company was bought out of liquidation a decade ago by two investment companies and then returned to the public