EPIC Hostess Snack Cakes Smucker Sale

Another reminder that nothing stays the same . . . And so, the junk food that powers this blog is now in transition and part of corporate gamesmanship . . . Check-it:

"Hostess began to attract potential acquisition interest after it raised prices on some of its products this year in an effort to boost revenue. Its shares, which had been down 1% year-to-date prior to the report, shot up by as much as 26% on the news Friday before settling around 21.7% at Friday’s close. Hostess Brands’ stock rose another 2.2% in after-hours trading as of Sunday afternoon."

Read more via www.TonysKansasCity.com link . . .

Hostess Brands exploring sale as Twinkies, other products may find new home: report

Hostess Brands, the company behind Twinkies and Zingers, is considering a potential sale amid interest from food industry giants, according to a report by Reuters.

Hostess stock price soars after Smucker reveals plans to purchase snack maker for $5.6B

Smucker is to pay $34.25 per share and take on $900 million of net debt to buy Hostess Brands, making the deal worth $5.6 billion including debt.