{"id":193517,"date":"2023-09-11T15:40:01","date_gmt":"2023-09-11T15:40:01","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193517"},"modified":"2023-09-11T15:40:01","modified_gmt":"2023-09-11T15:40:01","slug":"hostess-brands-rallies-on-agreement-to-be-acquired","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/hostess-brands-rallies-on-agreement-to-be-acquired\/","title":{"rendered":"Hostess Brands Rallies On Agreement To Be Acquired"},"content":{"rendered":"

Shares of Hostess Brands, Inc. (TWNK) are rising more than 18% Monday morning after the packaged foods company announced its decision to be acquired by The J.M. Smucker Co. (SJM) for about $5.6 billion or $34.25 per share, including the assumption of debt.<\/p>\n

The purchase price represents a premium of approximately 54% to the closing price of $22.18 on August 24, the last trading day prior to reports of a potential transaction.<\/p>\n

As per the deal, Hostess Brands shareholders will receive $30.00 in cash and 0.03002 shares of J.M. Smucker for each share of Hostess Brands they own.<\/p>\n

TWNK is at $33.42 currently. It has traded in the range of $21.59 – $33.54 in the last 1 year. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Hostess Brands, Inc. (TWNK) are rising more than 18% Monday morning after the…<\/p>\n","protected":false},"author":4,"featured_media":193516,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"\nHostess Brands Rallies On Agreement To Be Acquired - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/bitcoin\/hostess-brands-rallies-on-agreement-to-be-acquired\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hostess Brands Rallies On Agreement To Be Acquired - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Shares of Hostess Brands, Inc. 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