Hostess Brands (TWNK), the maker of snack classics Twinkie and Ho Hos, got an offer it couldn’t refuse on Monday. J.M. Smucker (SJM), whose brands include Folgers, Meow Mix, Milk-Bone, Smucker’s, and Jif, has agreed to pay $5.6 billion in cash and stock to acquire Hostess.
Hostess stock jumped on the news while Smucker’s fell. Clearly, Wall Street is not united about the transaction. Some believe the acquisition makes sense; others don’t.
