J.M. Smucker said Monday that it agreed to acquire Twinkies owner Hostess Brands in a cash-and-stock deal worth roughly $5.6 billion, including $900 million of debt.
The food producer s.
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The J. M. Smucker Company shares declined 6% in Monday afternoon trading after disclosing a deal to acquire Hostess Brands , while shares of Hostess Brands accelerated 19%.
J.M. Smucker said.