The J. M. Smucker Co. in its $5.6 billion acquisition of Hostess Brands
On September 11, 2023, The J. M. Smucker Co. (NYSE: SJM) announced the signing of a definitive agreement to acquire Hostess Brands, Inc. (NASDAQ: TWNK) for $34.25 per share in a cash and stock transaction, representing a total enterprise value of approximately $5.6 billion. The transaction includes the Hostess Brands sweet baked goods brands (Hostess® Donettes®, Twinkies®, CupCakes, DingDongs®, Zingers®, CoffeeCakes, HoHos®, Mini Muffins and Fruit Pies) and the Voortman® cookie brand, along with manufacturing facilities in Emporia, Kansas; Burlington, Ontario; Chicago, Illinois; Columbus, Georgia; Indianapolis, Indiana and Arkadelphia, Arkansas (which is currently under construction) and a distribution facility in Edgerton, Kansas.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to The J. M. Smucker Co.