{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-232051","form_type":"8-K","ticker":"SJM","cik":"0000091419","company_name":"J M SMUCKER Co","filed_at":"2023-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.008775+00:00","generated_at":"2026-06-10T21:57:42.951325+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"J.M. Smucker to acquire Hostess Brands for $5.6B enterprise value, $34.25/share","bullets":["Acquires Hostess Brands for $34.25/share ($30 cash + 0.03002 SJM shares); total enterprise value ~$5.6B incl. $900M net debt.","Estimated adj. EBITDA multiple ~17.2x; ~13.2x with anticipated $100M run-rate cost synergies within 2 years.","Deal adds ~$1.5B net sales with mid-single-digit growth; expected accretive to adjusted EPS in first fiscal year.","Transaction financed with $5.2B fully committed bridge loan from Bank of America and RBC Capital Markets.","Expected close in Q3 of fiscal year ending Apr 2024; unanimously approved by both boards."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-232051","json":"https://secwatch.observer/filing/0001193125-23-232051.json","markdown":"https://secwatch.observer/filing/0001193125-23-232051.md","text":"https://secwatch.observer/filing/0001193125-23-232051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91419/000119312523232051/0001193125-23-232051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91419/000119312523232051/d450269d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T21:57:42.951325+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}