J.M. Smucker Co. is nearing a deal to buy Twinkies maker Hostess Manufacturers Inc., the Wall Motorway Journal reported Sunday night.
According to the Journal, which cited sources conversant within the subject, the acquisition will most likely be price roughly $4 billion, and must be offered as soon as Monday.
Final month, Smucker
raised its earnings forecast for the year, thanks to impress will improve. Apart from its eponymous jams and jellies, its producers encompass Carnation, Jif, Knotts Berry Farm and Santa Cruz Natural.
Sale rumors dangle despatched Hostess shares
soaring extra than 20% true by the final month. In August, Reuters reported Same outdated Mills Inc.
Mondelez Global Inc.
and Hershey Co. were amongst the companies attention-grabbing in acquiring it.