{"id":59351,"date":"2023-09-10T23:18:46","date_gmt":"2023-09-11T03:18:46","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/smucker-nears-deal-to-buy-twinkies-maker-hostess-for-about-4-billion-report\/"},"modified":"2023-09-10T23:18:49","modified_gmt":"2023-09-11T03:18:49","slug":"smucker-nears-deal-to-buy-twinkies-maker-hostess-for-about-4-billion-report","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=59351","title":{"rendered":"Smucker nears deal to buy Twinkies maker Hostess for about $4 billion: report"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002487594\" role=\"document\">\n<p>J.M. Smucker Co. is nearing a deal to buy Twinkies maker Hostess Brands Inc., the Wall Street Journal reported Sunday night.<\/p>\n<p>According to the Journal, which cited sources familiar with the matter, the acquisition could be worth roughly $4 billion, and could be announced as soon as Monday.<\/p>\n<p>Last month, Smucker<br \/>\n        SJM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203835894\/composite\" class=\"positive\">+0.88%<\/bg-quote><br \/>\n       raised its profit forecast for the year, thanks to price increases. Besides its eponymous jams and jellies, its brands include Carnation, Jif, Knotts Berry Farm and Santa Cruz Organic.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/smucker-nears-deal-to-buy-twinkies-maker-hostess-for-about-4-billion-report-860fe12d?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>J.M. Smucker Co. is nearing a deal to buy Twinkies maker Hostess Brands Inc., the Wall Street Journal reported Sunday night. According to the Journal, which cited sources familiar with the matter, the acquisition could be worth roughly $4 billion, and could be announced as soon as Monday. Last month, Smucker SJM, +0.88% raised its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":59352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-59351","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smucker nears deal to buy Twinkies maker Hostess for about $4 billion: report | iFintechWorld<\/title>\n<meta name=\"description\" content=\"J.M. Smucker Co. is nearing a deal to buy Twinkies maker Hostess Brands Inc., the Wall Street Journal reported Sunday night. 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