/cloudfront-us-east-2.images.arcpublishing.com/reuters/PTSWU6NSVVOUDG6UPNFBZMIFAE.jpg "J.M. Smucker to buy Twinkies maker Hostess Brands in $5.6 billion deal")
J.M. Smucker to buy Twinkies maker Hostess Brands in $5.6 billion deal
Sept 11 (Reuters) – J.M. Smucker (SJM.N) on Monday agreed to purchase Twinkies maker Hostess Manufacturers (TWNK.O) for $5.6 billion together with debt in a deal that unites two main American snack makers. The deal was price about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share. The…