M&A
confidence high
sentiment neutral
materiality 0.70
Smucker commences exchange offer for Hostess Brands; files historical financials & pro forma
J M SMUCKER Co
- Exchange offer for all Hostess Brands Class A shares commenced October 10, 2023, with merger to follow.
- Hostess Brands 2022 net revenue $1.358B, net income $164.2M, basic EPS $1.20.
- Hostess Brands total assets $3.492B, goodwill $706.6M as of Dec 31, 2022.
- Pro forma combined financials filed for year ended April 30, 2023, and quarter ended July 31, 2023.
- Transaction subject to regulatory approvals and tender conditions; closing timeline not specified.