TWNK - Why Twinkies Owner Hostess Brands Shares Are Jumping Today | Benzinga
Food and beverage company J.M. Smucker Co (NYSE: SJM) is reportedly nearing a deal to acquire Twinkies owner Hostess Brands (NASDAQ: TWNK) for about $4 billion.
The deal is expected to be formally announced today, The Wall Street Journal reported.
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 public ...