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Hostess Brands Inc - TWNK STOCK NEWS

Welcome to our dedicated news page for Hostess Brands (Ticker: TWNK), a resource for investors and traders seeking the latest updates and insights on Hostess Brands.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hostess Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hostess Brands's position in the market.

Rhea-AI Summary
J. M. Smucker Co. (NYSE: SJM) announced the closing of the acquisition of Hostess Brands, Inc. (NASDAQ: TWNK), adding Hostess® sweet baked snacks brands and Voortman® cookie brand to its portfolio. Approximately 3,000 employees will join the Company. Mark Smucker, CEO, sees the acquisition as an opportunity for growth in the expanding sweet baked goods category.
Rhea-AI Impact
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End-of-Day
-2.39%
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Rhea-AI Summary
Hostess Brands, Inc. reported a 1.9% increase in net revenue for the third quarter of 2023 compared to the same period last year. The company entered into a definitive merger agreement with The J. M. Smucker Co. for $34.25 per share in a cash and stock transaction, representing a total enterprise value of approximately $5.6 billion, including assumption of debt.
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Rhea-AI Summary
The J. M. Smucker Co. has extended its offer to exchange $30.00 in cash and 0.03002 of Company common shares for each outstanding share of Hostess Brands, Inc. The offer has been extended until November 7, 2023, to allow for more shares to be tendered and validly delivered.
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Rhea-AI Sentiment
End-of-Day
-2.39%
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Rhea-AI Summary
Larry Bodner joins BARK's Board of Directors bringing 35 years of consumer-packaged goods experience. He is currently the CEO of Bulletproof 360 and a Director at Hostess Brands. His expertise in building and growing consumer brands, as well as pet consumables, will be valuable for BARK's future growth.
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Hostess Brands to be acquired by The J.M. Smucker Co. in a cash and stock transaction valued at $5.6 billion, representing a premium of approximately 54% to the closing price. Both companies anticipate growth and value creation through the acquisition.
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End-of-Day
-7.01%
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The J.M. Smucker Co. announces the acquisition of Hostess Brands for $5.6 billion, expanding their family of brands and focusing on convenient consumer occasions.
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-7.01%
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1.21%
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Hostess Brands, Inc. (TWNK) to Report Q2 2023 Results on August 8, 2023
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-0.25%
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conferences earnings
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Hostess Brands releases its 2022-2023 Corporate Responsibility Report, highlighting its initiatives in people, product, planet, and governance.
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0.36%
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Hostess Brands Inc

NYSE:TWNK

TWNK Rankings

TWNK Stock Data

4.43B
132.21M
0.67%
105.25%
4.58%
Commercial Bakeries
Manufacturing
Link
United States
Lenexa

About TWNK

hostess brands, inc. is one of the largest wholesale bakers and distributors of fresh-baked bread and sweet goods in the u.s. our 19,000 employees operate 36 bakeries and 570 bakery retail outlets and run approximately 5,500 delivery routes from 565 distribution centers nationwide. our brands include some of the best-known snacks and breads in the united states, including hostess® twinkies, cupcakes, fruit pies, ding dongs, ho ho’s, sno balls, donettes, as well as drake's® cakes, wonder® bread, home pride®, and nature's pride®. visit our website www.hostessbrands.com/careers to view career opportunities with hostess brands.