Brief: Hostess Brands To Be Acquired By JM Smucker For Approximately $5.6 Billion

Hostess Brands

11/09/2023 13:46

Sept 11 (Reuters) - Hostess Brands  TWNK.O :
    * HOSTESS BRANDS TO BE ACQUIRED BY THE J.M. SMUCKER CO. FOR
APPROXIMATELY $5.6 BILLION
    * HOSTESS BRANDS TO BE ACQUIRED BY THE J.M. SMUCKER CO. FOR
APPROXIMATELY $5.6 BILLION
    * HOSTESS BRANDS INC - PROPOSED DEAL FOR $5.6 BILLION
    * HOSTESS BRANDS INC - PROPOSED DEAL FOR $30.00 IN CASH
    * HOSTESS BRANDS - CASH PORTION OF DEAL IS EXPECTED TO BE
FUNDED
THROUGH A COMBINATION OF CASH ON HAND, A BANK TERM LOAN AND
LONG-TERM PUBLIC BONDS
    * HOSTESS BRANDS INC - TRANSACTION IS ANTICIPATED TO CLOSE
IN Q3
OF J.M. SMUCKER CO.'S CURRENT FISCAL YEAR ENDING APRIL 30, 2024
    * HOSTESS BRANDS INC - PROPOSED DEAL FOR BRANDS IN A CASH
AND
STOCK TRANSACTION VALUED AT $34.25 PER HOSTESS BRANDS SHARE

Source text for Eikon:  ID:nBwbSH7Fza 
Further company coverage:  TWNK.O 

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