![]() ![]() and Hershey Co. were among those that had shown an interest in buying Hostess. It was then reported that General Mills Inc., Mondelez International Inc., PepsiCo Inc. Hostess Brands became an acquisition target after it managed to boost its revenue through price hikes that fuelled investor concerns over its prospects with its volume growth consistently declining. The equity value of the deal is $4.55 billion, as per Reuters calculations. Smucker will pay Hostess shareholders $34.25 per share in a cash and stock deal, representing a premium of 54% since the day before the report surfaced. 25, when Reuters reported the company was exploring a sale after fielding takeover interest from major food makers. Hostess has a market capitalization of about $3.73 billion, according to LSEG data, following a nearly 27% jump in its stock since Aug. Shares of Hostess were up 16.3% in premarket trading on Monday, while J.M. ![]()
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