Smucker's announces deal to acquire Hostess

ORRVILLE, Ohio (WKBN) - The J.M. Smucker Company, more commonly known on jelly jars as Smucker's, announced the signing of an agreement Monday to acquire Hostess Brands, Inc., the creator of Twinkies, HoHos and other packaged treats.
Smucker's, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick up approximately $900 million in net debt.Hostess shareholders will receive $30 in cash and 0.03002 shares of The J.M. Smucke