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Chicago Sun-Times
Chicago Sun-Times
National
Michelle Chapman | AP

Hostess is being acquired by JM Smucker in a deal valued at $5.6B

Hostess JM Smucker Smucker Hostess Brands
Twinkies baked goods are displayed for sale at the Hostess Brands’ bakery in Denver. (Brennan Linsley/AP)

Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M. Smucker in a cash-and-stock deal worth about $5.6 billion.

Smucker, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick up approximately $900 million in net debt.

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